All The Big Banks: Bank Of America, Citibank, JPMorgan, Wachovia Wells Fargo Overdraft Fees - We need to get a class action suit moving Internet

stay at this site and type in 1512122 and read Ripoff Report #1512122 and ALL of the Updates for EXTREMELY IMPORTANT information NOW!!!

”Knowledge is Power”

POWER TO THE PEOPLE

       I am new to this site, having filed my first complaint recently.  I, too, have had problems with banks in the past but in all truth they are to some extant , problems of my own making.  I had one maddening episode of overdraft avalanche @ ten years ago.  I definetly got rooked by a now defunct bank but my lack of bank savvy made the problem worse. 

      In my recent complaint I recounted how I was bilked out of a fair chunk of change by a cramming operation.  Contrary to my own report I did catch it early on and had it dealt with.  The crooks were persistant, and I somehow came to believe the charge was a service fee.  That was dumb.  I didn't remember to ask the right questions and lost money because I was blissfully ignorant of how these things work.  The first step in rectifying any banking issue is to get the facts and be honest as well as responsible.  Accept blame before you assign it.

     Consider too that the people at  the bank are not the enemy and if you are polite and persistant without being obnoxious you may achieve a fair result in the end.  As silly as it sounds to the bank haters, I've actually had some good and fruitful discussions with workers at my branch and in one case, made a new friend, sort of.  If you're nice to them, they may be nice to you, and vice versa.  If you have been treated unfairly, it's possible that they may be on your side.  Don't take it personally.  If you can't get a fair shake, go to another bank.  In spite of all the take overs and mergers, there are still choices available, particuarly for good customers.

     Boy you guys sure had a ball with this one,4+ years.  By the By, be very careful of logging onto the Anti-Fed, anti-bank websites.  They are dangerous sources of viruses and such as well as a haven for whack-job anti-semites.  As soon as you see content about the Rothschilds and the Zionist banking conspriacy, the neo-nazis aren't far off.

     Perhaps a time will come when responsible informed consumers can do business in an ethical sanely regulated banking and investment enviornment.  As it stands now, we could all do a little better.  Let's all try to be a little smarter, and a little kinder.  Let's hope for better times in 2014. 

                      Cheers,

                             Zuesab

PROTESTER SONG 101.

It was submitted in the consumer comments section at Ripoff Report #261157 on May 25, 2012.

Have a nice weekend.

SEX AND LOTS OF GIN
(Please sing to the tune of "Turkey In The Straw")

Anyone can 'Google' this- TURKEY IN THE STRAW SMART CENTRAL, and click on 'Midi: Turkey in the Straw' and sing the following lyrics to that very fast midi tune, right?

Here we go- 1, 2, 3...

They were having hanky-panky
Some were drinking lots of booze
They're the Secret Service
Now it's worldwide news.

They like hookers and Tequila
They like sex and lots of Gin
They are government agents
Not a crime but it's a sin.

Who is the top guy
What's going on
Twenty-one hookers
Some might be blonde
Country's broke but they don't care
Girl with gold watch is pretty
Bet she took off underwear?

(Repeat)

Anyone can 'Google' this- EXCLUSIVE: FIRST PHOTOS OF COLUMBIA ESCORT IN EXPLOSIVE SECRET SERVICE HOOKER SCANDAL, and read the related articles and see photos of one of the ladies on the web. Here is a quote from one of the articles-

QUOTE: "Eleven Secret Service agents, including the three already sacked, and nine military servicemen are under investigation for hiring 20 or 21 hookers in Cartagena last week when they were supposed to be preparing for President Obama's April 13 arrival at a regional summit."

Thank You

WELCOME TO AMERICA- ONE BIG LIE

on the web, it will reinforce the fact that a cartel of corrupt, greedy, and inept bankers are in control of the U.S. Government and Wall Street.

Feel free to 'Google' this- DID SPECULATION FUEL OIL PRICE SWINGS, and watch that 60 Minutes segment on the web in order to understand that some of these same bankers also control the price of oil, which results in higher gasoline and higher diesel fuel prices. 

As gasoline and diesel fuel prices rise, it causes food prices to go up because food needs to be transported by trucks and trains. The extra cost is added into the price of our food and the price of food for everyone in the world.

One last thing; make sure to 'Google' this- JOSIAH STAMP, 1ST BARON STAMP WIKIPEDIA, and read one of his quotes that appears at that site. It starts like this-

QUOTE: "Banking was conceived in iniquity and was born in sin. The bankers own the earth. Take it away from them, but leave them the power to create money, and with the flick of the pen...." - Josiah Stamp

Josiah Stamp was a director of the Bank of England. If you 'Google' this- WHO OWNS THE FED?, and go to the site with the five charts, you will see that the Bank of England sits at the top of 'Chart 1'.

Have a nice day.

The legitimacy of our complaints is for the courts to decide. Not some paid flunky like you.

What you are insisting on not understanding is that this person, you and the vast majority of people posting here about OD fees do NOT have a legitimate complaint about the bank. They have refused to keep an accurate register and thereby decided to give their money to the bank.

Why do you have to be so rude? What a pathetic and miserable person you are.

That is the most stupid thing I have read on here in a while. Bank of America just lost a huge law suit for re-sequencing its transactions in order to create MORE over draft fees then would have been created if the transactions were posted in sequence.  Go watch some more Fox News.

Secret Service Poem.

Wells-Fargo did the exact same thing to me. They drop the charges from your register putting the money back in your account then when the merchant closes their batch the charges magically reappear and instantly post.  Your account actually shows more money than you actually have. Wells-Fargo does this on purpose to catch you in over draft fees.

Don't be discouraged by all of the people posting against you. They are paid by Wells-fargo to troll the internet and disparage people with legitimate complaints against their employer. Wells_fargo is a dirty dirty company out of Louisiana. They were bought out and changed their name before they went nation wide. They are just waiting on a law-suit and it is coming. 

is available at this website.

Just type in 839289 at this site and it appears as 'Consumer Comment #117' at Ripoff Report #839289.

Thank You

***SECRET SERVICE ALERT: Anyone can 'Google' this- SECRET SERVICE SCANDAL, and read the related articles that just became available on the web today, April 14, 2012.

read the Ripoff Reports for important information.

Thank You

***POLITICIAN ALERT: Make sure to type in the following at this site and read the Ripoff Reports from people all over America for valuable information-

POLITICIAN
OBAMA
BUSH
CHENEY
CLINTON
REAGAN
PRESIDENTIAL CANDIDATE
COMMITTEE CHAIRMAN
MAYOR
SENATOR
GOVERNOR
SPYING ON MUSLIMS
BUFFOON

is the title to PROTESTER SONG 75.

The song was submitted at this website on March 31, 2012. Just type in 608272 at this site to see if it is available in the consumer comments section at Ripoff Report #608272.

Thank You

WELCOME TO AMERICA- OUR GOVERNMENT IS SO DISEASED BECAUSE IT IS BEING CONTROLLED BY A CARTEL OF CORRUPT, GREEDY, AND INEPT BANKERS WHO ALSO CONTROL WALL STREET AND EVEN THE PRICE OF OIL

is the title to PROTESTER SONG 72.

It was submitted at this website on March 24, 2012. Just type in 659636 at this site to see if it is available in the consumer comments section at Ripoff Report #659636.

Thank You

WELCOME TO AMERICA- ONE BIG LIE

HR 347 POEM

Be careful when you protest
Tell Johnny and text Melanie
Protesting in the United States
Has now become a felony
Say bye-bye to First Amendment
You might be arrested
Banker goons control this land
That cannot be contested
It is time to end this poem
Text Jody and tell Kevin
The USA is one big lie
HR 347

End.

Anyone can 'Google' this- HR 347, and read the related articles on the web.

Feel free to 'Google' this- GOODBYE FIRST AMENDMENT: TRESPASS BILL WILL MAKE PROTEST ILLEGAL, and read the related articles and watch the videos on the web.

Thank You

WELCOME TO AMERICA- OUR GOVERNMENT IS BEING CONTROLLED BY A CARTEL OF CORRUPT, GREEDY, AND INEPT BANKERS WHO ALSO CONTROL WALL STREET, AND EVEN THE PRICE OF OIL

Sorry I have no poem. I just like calamari.

SQUID'TOXIC' POEM

The firm is toxic
Tell every kid
Text mom and dad
It's Vampire squid
They got TARP money
From me and you
Tell every Mormon
Text every Jew
This poem's over
He makes big bucks
SQUIDRACULA
Of Goldmin Sux.

End.

Anyone can 'Google' this- GOLDMAN EXEC QUITS CALLING FIRM 'TOXIC', and read the related articles on the web.

Feel free to 'Google' this- VETERANS TODAY GOLDMAN SACHS EMAILS: FIRM HAD 'THE BIG SHORT' AS ECONOMY FELL, and read the article. (There may be a picture of a man who is part squid, part vampire, that appears at the article.)

Thank You

WELCOME TO WALL STREET- ONE BIG PONZI SCHEME

FACT POEM

It is a fact
The USA is a lie
Oil prices are rising
Keeping stock markets high
It is a fact
A meltdown occurred
Wall Street goons run our country
It's a shame, it's absurd
It is a fact
Wall Street's one giant scam
Hurting innocent people
U.S. Government's a sham
It is a fact
A song will come soon
Politicians are liars
Most are great big buffoons.

End.

Anyone can 'Google' the following twelve videos and watch them on the web for PROOF that the United States of America is a country whose foundation is solidly built on lies, deception, fraud, manipulation, greed, trickery, deep corruption, and the constant pursuit to financially injure the innocent people living here and all over the world-

1) FRONTLINE: THE WARNING

2) AMERICA: FREEDOM TO FASCISM

3) FRONTLINE: INSIDE THE MELTDOWN

4) FULL SHOW: HOW BIG BANKS ARE REWRITING THE RULES OF OUR ECONOMY

5) DAVID STOCKMAN ON CRONY CAPITALISM MOYERS & COMPANY

6) JACOB HACKER & PAUL PIERSON ON ENGINEERED INEQUALITY

7) YOUTUBE FALL OF THE REPUBLIC

8) WHO OWNS THE FED BANK, WHO CONTROLS WHO VIDEO

9) INDYMAC BOYS GET SWEETHEART DEAL

10) COUNTRYWIDE WHISTLEBLOWER REPORTS LIAR LOANS

11) THE NEXT HOUSING SHOCK

12) DID SPECULATION FUEL OIL PRICE SWINGS

Thank You

WELCOME TO AMERICA- ONE BIG LIE

is available at this website.

Just type in 411913 at this site and it appears as 'Consumer Comment #63' at Ripoff Report #411913.

***ALERT: "PREDICTION POEM" might come true very soon if the ones who ultimately control the U.S. Government get their way. It appears that there are some people who believe that going to War with Iran is a good idea.
Anyone can 'Google' this- IS OBAMA GIVING IN TO ISRAELI PRESSURE OVER IRAN? RT, and watch that video on the web.

Thank You

WELCOME TO AMERICA- OUR GOVERNMENT IS BEING CONTROLLED BY A CARTEL OF CORRUPT, GREEDY, AND INEPT BANKERS WHO ALSO CONTROL WALL STREET, THE MAINSTREAM MEDIA, MUCH OF THE LEGAL SYSTEM, THE U.S. MILITARY, AND MOST IMPORTANTLY; THE MINDS OF ALMOST EVERYONE LIVING IN THIS COUNTRY

That the economy goes up and down as well as the stock market and gold prices and gas prices. I also predict for the rest of our lifetimes we will see inflation.. I make a prediction here on this report that once the market bottoms out...(could be 13 months), it will go up again. I hope Karl will have the integrity then to post that people go to this report number to see how I predicted this.

Dear Mr. Moyers,

At around 18:30 into your interview with Jacob Hacker and Paul Pierson on January 13, 2012, you asked a question. Your question was in regards to how could Washington D.C. turn its back on the American people.

Feel free to 'Google' this- DOUGLAS REED- THE CONTROVERSY OF ZION- INDEX- SITE BY KNUD ERIKSEN, and click on Chapter 15, entitled 'The Talmud And The Ghettoes' and scroll down to 'Page 97' and read the third paragraph in order to find the answer.

Then go to Chapter 17, entitled 'The Destructive Mission' and read the first two or three pages on the web.

Finally, go back to Chapter 15 and scroll down to 'Page 94' and read Dr. Mandelstamm's twenty-one word quote.

Now you know why there are so many problems in the United States of America, Europe, and all over the world.

Thank you for your time and consideration.

Sincerely,

Karl

P.S. The above letter is my opinion. Opinions can become fact. Feel free to stay at this site and type in 271454 and go to 'Consumer Comment #1' at Ripoff Report #271454 and read what was stated in paragraph three on September 3, 2007. (That paragraph was an opinion, which was posted one full year before the collapse of the banking system and the stock market crash in September of 2008. It is now a fact.)

Then type in 269041 at this site and go to 'Consumer Comment #3' at Ripoff Report #269041, entitled "Blame it on a Lawyer" which was posted thirteen months before the collapse of the banking system and the stock market crash in September of 2008. (That was also an opinion on August 21, 2007. It is now a fact.)

Thank You

will be submitted at this website soon.

Just stay at this site and type in- FEDERAL RESERVE, and go to Ripoff Report #387014 to see if it is available in the consumer comments section.
(You can also type in 387014 at this site and that will take you there.)

Thank You

..to sabotage and discredit this website. 

read the Ripoff Reports for important information.

Thank You

is the title to a song that is available in the consumer comments section at this Ripoff Report.

Feel free to stay at this site and type in- WALL STREET, and read the Ripoff Reports from people all over America for important information.

Thank You

will be submitted at this website soon.

Just type in the following numbers at this site to see if it is available in the consumer comments section at one of the corresponding Ripoff Reports-

453956
526206

Good Night!

KARL STOP WITH THE INSANE POEM'S. EVERYBODY GETS YOUR POINT YOU ARE NOT "HELPING" PEOPLE!. YOU ARE HURTING THEM. I USED TO BE ON YOUR SIDE BUT I'M NOT ANYMORE. YOU DON'T HAVE TO KEEP POSTING THE SAME GARBAGE POEMS I DON'T READ THEM NOBODY READS THEM. WHY CAN'T YOU TAKE THE HINT & GET A CLUE!.

YOUR POEMS STINK.  STOP POSTING THEM & REPOSTING THEM EVERY DAY!.

are available at this website as of February 12, 2012.

Just type in the following numbers at this site and the songs appear in the consumer comments sections at the corresponding Ripoff Reports in ascending order-

411913  
411913
411913 
646259
508984
476868
483607
481508
271454
718810
555030
272032
803940
472051
1065
542942
646259
271454
529757
476868
668678
218123
608350
700727
797370
476868
810304
411913
271454
218123
810304
1065
724174
476868
476868
476868
799959
508984
646259
422831
820700
820700
411913
549770
813510
271454
261157
431507
529757
472051
833276
513874
608350

Thank You

GOOFBALLS GALORE POEM

Goofballs galore
They love that money
Two of 'em laughing
Must think it's funny
Country is broken
One giant scam
Mob's in control
Of your Uncle Sam
Poem is over
Eruption will come
Expose all the goofballs
Make the big-shots go numb.

End.

Anyone can 'Google' this- CAMPAIGN 2012: BILLIONAIRES TO THE RESCUE, and read the related articles on the web.

Thank You

WELCOME TO THE U.S. GOVERNMENT- ONE BIG LIE THAT'S BEING CONTROLLED BY A CARTEL OF CORRUPT, GREEDY, AND INEPT BANKERS, AND THE GOOFBALLS WHO SERVE AND PROTECT THEM

sing PROTESTER SONG 52.

The song was submitted in the consumer comments section at Ripoff Report #513874 on February 9, 2012. You can stay at this site and type in- INDYMAC, and that will also take you to Ripoff Report #513874.

Have a nice day.

NOOT GING'RICH'
(Please sing to the tune of "Moon River")

Anyone can 'Google' this- ELENA'S MIDI COLLECTION, and click on 'Moon River' and sing the following lyrics to the tune, right?

Here we go- 1, 2, 3...

Noot Ging'Rich'
Standing on the moon
Another big buffoon, my friends
Oh, space-walker, you big talker
He'll tell all the people what they want to hear.

Let's gamble
Up there on the moon
We'll sing a happy tune, each day
They'll lose all their cash, please text Ben 
Double down on ten, we lost that hand again
Noot Ging'Rich' and friends.

(Repeat)

Anyone can 'Google' this- NEWT'S MOON COLONY: WHAT WOULD IT COST?, and go to the CNNMoney website and read the article on the web. There's a picture of a man wearing a space helmet holding an American flag, and he's standing on the moon.

Feel free to 'Google' this- THE MAN BEHIND GINGRICH'S MONEY, and read the related articles on the web about the Las Vegas magnate, Sheldon Adelson, who donated $5 Million to a Pro-Gingrich 'Super PAC'.

Don't forget to 'Google' this- SHELDON ADELSON- WIKIPEDIA, and go to that site to read more about him.

Thank You

WELCOME TO AMERICA- A COUNTRY WHERE MOST OF THE POLITICIANS ARE WORKING FOR GOLDMAN SACHS AND OTHERS, LIKE SHELDON ADELSON, WHO HAS A NET WORTH OF $21.5 BILLION ACCORDING TO THE WIKIPEDIA WEBSITE

is available in the consumer comments section at this Ripoff Report.

Feel free to 'Google' the following to see who the top contributors are for Presidential campaigns-

1) TOP CONTRIBUTORS TO MITT ROMNEY OPEN SECRETS
2) TOP CONTRIBUTORS TO BARACK OBAMA OPEN SECRETS

Then 'Google' the following and read the related articles and watch the videos on the web-

1) VETERANS TODAY GOLDMAN SACHS EMAILS: FIRM HAD 'THE BIG SHORT' AS ECONOMY FELL
2) "I'M DOING GOD'S WORK"
3) DID SPECULATION FUEL OIL PRICE SWINGS
4) WHO CONTROLS THE UNITED STATES ECONOMY BY MAJORITY 2010
5) INDYMAC BOYS GET SWEETHEART DEAL

Thank You

WELCOME TO THE U.S. GOVERNMENT- ONE MASSIVE LIE

will be submitted at this website soon.

Just type in 813510 at this site to see if it is available in the consumer comments section at Ripoff Report #813510.

Thank You

***POLITICIAN ALERT: Make sure to type in the following at this site and read the Ripoff Reports from people all over America for important information-

OBAMA
BUSH
CHENEY
CLINTON
REAGAN
COMMITTEE CHAIRMAN
MAYOR
SENATOR
GOVERNOR
US GOVERNMENT
POLITICIAN

is the title to a song that is available in the consumer comments section at this Ripoff Report.

Thank You

I'm with you

MANIPULATE THE OIL TODAY
(Please sing to the tune of "America The Beautiful")

Anyone can 'Google' this- USA PATRIOTIC MIDI TUNES JACK'S MIDI MUSIC, and click on 'America The Beautiful' and sing the following lyrics to that tune, right?

Here we go- 1, 2, 3...

Manipulate the oil today
Make oil prices high
The USA is one big scam
This country is a lie
The banker goons and Wall Street gang
Destroyed our world today
Manipulate and speculate
Inflation's here to stay.

(Keep Repeating)

Anyone can 'Google' this- DID SPECULATION FUEL OIL PRICE SWINGS, and watch that 60 Minutes segment on the web to learn more about why oil prices rise.
(Two of the banks named in that segment are seeing their stocks rise significantly today. Goldman Sachs' stock is up 3.88% and Morgan Stanley's stock is up 3.55% today at 12:20 PM EST.)

Oil is up $1.67 a barrel today at 12:20 PM EST on January 10, 2012.  

Thank You

WELCOME TO AMERICA- OUR GOVERNMENT IS BEING CONTROLLED BY BANKERS WHO CAN MANIPULATE THE PRICE OF OIL WHICH CAUSES GASOLINE, DIESEL FUEL, AND FOOD PRICES TO RISE ALL OVER THE WORLD

will be submitted in the consumer comments section at this Ripoff Report soon.

Thank You

***POLITICIAN ALERT: Feel free to type in the following at this site and read the Ripoff Reports from people all over America for important information-

POLITICIAN
OBAMA
BUSH
CHENEY
CLINTON
REAGAN
MAYOR
SENATOR
GOVERNOR
PRESIDENTIAL CANDIDATE
COMMITTEE CHAIRMAN
PROPAGANDA
BUFFOON
US GOVERNMENT

OCCUPY WALL STREET
(Please sing to the tune of "Morning Has Broken")

Anyone can 'Google' this- MORNING HAS BROKEN MIDI AND LYRICS, and sing the following lyrics to that tune, right?

Here we go- 1, 2, 3...

Occupy Wall Street, occupy Oakland
Occupy Denver, do it each day
Occupy Cairo, occupy all minds
Expose all nations, that's what I say.

Europe's collapsing, global recession
Caused by the bankers, text Jim and Kay
Fraud and corruption, it's so apparent
Goofballs and mobsters still get their pay?

Big REVOLUTION in every country
Leaders are liars, most are buffoons
People are fed-up, they're occupying
Many are singing protester tunes.

Collapse is coming, stock markets crashing
Cash is now missing, where did it go
Mobsters and goofballs cannot be trusted
Contact aunt Mary, text uncle Joe.

End.

Anyone can 'Google' this- CHINESE LEADER WARNS OF LONG GLOBAL RECESSION, and read the related articles on the web.

Feel free to 'Google' this- MF GLOBAL MISSING FUNDS MAY HIT $1.2 BILLION, and read the related articles on the web.

Thank You

"Knowledge is power."

POWER TO THE PEOPLE

and sing MOB SONG 25, which appears in the consumer comments section at Ripoff Report #1065.

Thank You

***POLITICIAN ALERT: Make sure to type in all of the following at this site and read the Ripoff Reports for important information-

POLITICIAN
OBAMA
BUSH
CHENEY
CLINTON
REAGAN
BARNEY FRANK
US GOVERNMENT

was submitted at this website on November 17, 2011.

Just type in 269041 at this site to see if it is available in the consumer comments section at Ripoff Report #269041.

Thank You

***CREDIT CARD ALERT: Make sure to type in 271454 at this site and read Betty's Ripoff Report for valuable information if you have a credit card.

GDP POEM

Goofy Dumb Politicians
Almost all of 'em work for the Fed
Text Susie and aunt Martha
Call Bernie then Skype Ted
Goofy Dumb Politicians
None of 'em have a clue
The USA is collapsing
They don't know what to do
I guess that this poem is over
The world is one massive lie
Police and dumb politicians
Making millions of people cry.

End.

Anyone can 'Google' this- POLICE FIRE TEAR GAS, FLASH GRENADES AS...- DEMOCRACY NOW!, and read the article and watch that video on the web.

Don't forget to 'Google' this- WHO OWNS THE FED, and go to the site with the 5 charts to see who the politicians and most of the police in the USA are really working for.

Thank You

WELCOME TO AMERICA- OUR POLITICIANS AND POLICE ARE REALLY WORKING FOR THE BANKING CARTEL THAT CONTROLS WALL STREET, ALSO KNOWN AS THE FEDERAL RESERVE, BUT MOST OF THESE POLITICIANS AND POLICE OFFICERS DON'T EVEN KNOW IT, BECAUSE THE MAJORITY OF THEM ARE A BUNCH OF GOOFBALLS AND BUFFOONS

MOB POEM 3

Cash in your stocks
Retirements too
The banker mob
Is after you
Tell every boy
Text every goil
The banker mob
Controls the oil
Our politicians
Do not care
They work for goons
Are you aware
It's time to eat
Corn on the cob
More songs to come
About the mob.

End.

Anyone can 'Google' this- DID SPECULATION FUEL OIL PRICE SWINGS, and watch it on the web to see that the bankers are controlling, speculating, & manipulating, the price of oil, right?

***GLOBAL ALERT: The price of Brent Crude went up 2.60% on October 10, 2011. WTI Cushing went up 2.93%. The Dow Jones gained 2.97% on October 10, 2011. Simply 'Google' this- ENERGY & OIL PRICES, and go to the related sites to verify those figures. As oil prices rise, so does the price of gasoline, diesel fuel, heating bills, airline tickets, food......... & just about everything else.

Thank You

WELCOME TO THE GLOBAL ECONOMY- ONE BIG PONZI SCHEME THAT'S BEING KEPT AFLOAT BY MANIPULATING THE PRICE OF OIL AND HURTING THE POOR AND MIDDLE CLASS PEOPLE ALL OVER THE WORLD

was submitted at this website on October 5, 2011.

Just type in 269041 at this site to see if it is available in the consumer comments section at Ripoff Report #269041.

Thank You

***MORTGAGE ALERT: Don't forget to type in all of the following at this site and read the Ripoff Reports for valuable information if you have a mortgage in the USA-

MERRILL LYNCH
LITTON LOAN
ONE WEST BANK
INDYMAC
GMAC
COUNTRYWIDE
BANK OF AMERICA
WELLS FARGO
CHASE
MORGAN STANLEY
HAMP
PHH MORTGAGE
MODIFICATION
MORTGAGE

will be submitted at this website soon!

Just type in 269041 at this site to see if it is available in the consumer comments section at Ripoff Report #269041.

Thank You

***DOW JONES ALERT: The Dow Jones is down 126 points at 9:43 AM EST on October 4, 2011. The Dow has lost 2,040 points since July 5, 2011, when the song entitled- BROCKOMIAN RHAPSODY was posted at this website in the consumer comments section at Ripoff Report #555030. Anyone can type in 555030 at this site and sing it. Here is the last line in the song-

Very soon the Dow blows.

will be submitted soon at this website!

Just type in 271454 at this site to see if it is available in the consumer comments section at Ripoff Report #271454.

Thank You

***MANIPULATION ALERT: Don't forget to type in 261157 at this site and read Charlene's Ripoff Report regarding manipulation. Please feel free to read, and sing, all of the consumer comments posted under Ripoff Report #261157.

will be submitted soon at this website!

Just type in 271454 at this site to see if it is available in the consumer comments section at Ripoff Report #271454.

Thank You

***MANIPULATION ALERT: Don't forget to type in 261157 at this site and read Charlene's Ripoff Report regarding manipulation. Please feel free to read all of the consumer comments posted under Ripoff Report #261157.

will be submitted at this website soon!

Just type in 513874 at this site to see if it is available in the consumer comments section at Ripoff Report #513874.

***VIDEO ALERT: Don't forget to 'Google' this- INDYMAC BOYS GET SWEETHEART DEAL, and watch that video on the web.

Thank You

WELCOME TO THE U.S. GOVERNMENT & WALL STREET- WE'RE BEING CONTROLLED BY GREEDY BANKERS WHO CAN DO WHATEVER THEY WANT BECAUSE THEY'RE BIG-SHOTS

is available at this website!  Just type in 608350 at this site and it appears as 'Consumer Comment #21' at Ripoff Report #608350.

Thank You

WELCOME TO THE MAINSTREAM MEDIA IN NEW YORK- ONE BIG LIE

The voters of this country can make things for the better,   If they stop voting for the crook republicans.   If they will admit they are the cause of all our problems they would be alot more happy.

Every post you make is about how America is "One Big Lie."
Why don't you just move to Cuba or something if it's so bad here?  I, for one, am sick of your conspiracy theories and tirades.

Dear Mr. Buffett,

Please feel free to stay at this website and type in 697574 and read Ripoff Report #697574 and all of the consumer comments. 

Thank you for your time and consideration.

Sincerely, 

Karl

P.S. The Dow Jones is down 347 points at 2:36 PM EST on Friday September 9, 2011.

BUTTHEAD IN THE TUB
(Please sing to the tune of- "Strangers In The Night")

Anyone can 'Google' this- ROBERT'S MIDI JUKEBOX, and click on 'Frank Sinatra- Strangers In The Night' and sing the following lyrics to that tune, correct?

Here we go- 1, 2, 3, 4....

Butthead in the tub
 He's making deals
Help out BofA
 It's what he feels
Butthead in the tub
 He's getting squeaky clean.

Don't buy common stock
 'Cause it will go down
Has a special deal
 He smiles and won't frown
Butthead in the tub
 He needs some more shampoo.

Look what's going on
 Squid-man's in trouble
Warren Butthead's in the tub
 With Mr. Bubble
Rubber ducky flew away
 He bought BofA
Butthead loves those bubbles now he's clean and no more troubles
 Till the market goes kerplop
Recession's coming
 Every stock will drop
No longer humming
 Butthead in the tub
Another big buffoon?

(Keep Singing)

Anyone can 'Google' this- WARREN BUFFETT THOUGHT UP INVESTING IN BANK OF AMERICA IN THE TUB, and read that article and see a picture of a man's head in the tub.

Don't forget to 'Google' the following articles and read more about the Squid-man and see a picture of him-

1) VETERANS TODAY GOLDMAN SACHS EMAILS: FIRM HAD 'THE BIG SHORT' AS ECONOMY FELL
2) GOLDMAN SACHS SLAPPED OVER ROBO-SIGNING

Thank You

WELCOME TO AMERICA- CONTROLLED BY GOONS AND BUFFOONS

And I found some report regarding interest rates? What a MASSIVE epic FAIL of a disappointment once again. Karl, you are a d*k.

at Ripoff Report #271454, which was posted on December 25th, 2010.

Then 'Google' this- OIL PRICES SOAR ON GOLDMAN RUMOR, and read the related articles that came out on the web today, August 30th, 2011.

Finally, make sure to 'Google' this- DID SPECULATION FUEL OIL PRICE SWINGS, and watch that 60 Minutes segment on the web from early 2009. (Pay close attention to the names of the banks that were mentioned in that 60 Minutes segment.)

Thank You

"Knowledge is power."

POWER TO THE PEOPLE

Dear people of Israel,

The reason that prices have gone up so much in the past few years on things like- food, gasoline, living expenses, etc., is because the Central bankers in America and in Europe have had to inject Trillions of dollars into their economies in order to prevent a Global Depression. There are also others who have been able to successfully manipulate the price of oil which has helped to keep things afloat for the time being, but by manipulating the price of oil, it also causes commodities to go up in price because commodities, such as food, need to be transported by trucks, trains, and planes.

It's always best to be able to understand WHY food prices, gasoline prices, and other prices have soared in recent years. One of the main reasons that prices have soared can be traced to what happened in the United States of America. Most of you probably know that millions upon millions of foreclosures have taken place in this country, and it's still not over.

The ROOT cause of all the problems, in my opinion, are due to the bankers and the banking system in the USA and also in Europe, since the USA and Europe are such close friends and business associates.

Here are some excellent videos that anyone in Israel can 'Google' and watch on the web that will provide them with more information about why food prices, gasoline prices, and other living costs have soared-

1) DID SPECULATION FUEL OIL PRICE SWINGS
2) THE ASCENT OF MONEY PBS (Watch episodes- 'From Bullion to Bubbles' & 'Bonds of War')
3) THE NEXT HOUSING SHOCK
4) COUNTRYWIDE WHISTLEBLOWER REPORTS LIAR LOANS
5) FRONTLINE: INSIDE THE MELTDOWN
6) FRONTLINE: THE WARNING
7) YOUTUBE FALL OF THE REPUBLIC
8) AMERICA: FREEDOM TO FASCISM
9) WHO OWNS THE FED BANK, WHO CONTROLS WHO VIDEO

Keep speaking-out peacefully and let the world know that the people in Israel are also fed-up with all of the greed, corruption, and fraud, that exists in just about every country in the world today.

Don't forget to stay at this website and type in the following numbers and read the Ripoff Reports from people all over America for valuable information-

271454
481508
646259
529757
92641
472051
586186
608350
218123
562691
724176
453956
563072
755132
688047
684178
476868

Thank you for your time and consideration, and good luck to all of the people in Israel.

Sincerely,

Karl

INFLATION IN ISRAEL POEM

Inflation in Israel
The people are mad
Housing's expensive
Text mommy and dad
So who do we blame
Ask Jimmy and Kay
Both have agreed
Blame the USofA
Markets collapsing
Uncontrollable fear
A Depression is coming
And that day is quite near.

End.

Anyone can 'Google' this- ISRAEL'S BIGGEST PROTEST IN DECADES OVERLOOKED WORLDWIDE, and read the related articles and watch the videos on the web.

Don't forget to 'Google' the following-

TEL AVIV STOCK MARKET DOWN 6% (1000 POINTS)
TEL AVIV EXCHANGE HALTS TRADE AFTER 6% FALL

Thank You

WELCOME TO ISRAEL- OUR COUNTRY IS BEING CONTROLLED BY THE SAME ORGANIZED CRIME SYNDICATE THAT CONTROLS THE UNITED STATES OF AMERICA & EUROPE

45 MILLION ON FOOD STAMPS POEM

Forty-five million on food stamps
'Cause this country's a lie
The rich getting richer
While the innocent cry
Our leaders are liars
They all work for the Fed
Forty-five million on food stamps
Many eyes are now red
All the big-shots are cheaters
Wall Street's one big ol' scam
American people are starving
Blame it on Uncle Sam
Guess this poem is over
So much corruption and fear
An eruption is coming
And that day is quite near!

End.

Anyone can 'Google' this- FOOD STAMP USE RISES TO RECORD 45.8 MILLION, and read the related articles on the web.

Thank You

***ALERT: Don't forget to stay at this site and type in the following and read the Ripoff Reports for valuable information-

NBC
RUPERT MURDOCH
US GOVERNMENT 
WALL STREET
OBAMA
BUSH
d**k CHENEY
FEDERAL RESERVE
ONE WEST
MERRILL LYNCH
GM CREDIT CARD SERVICES

FRAUD BLESS AMERICA
(Please sing to the tune of- "God Bless America")

Anyone can 'Google' this- USA PATRIOTIC MIDI TUNES- JACK'S MIDI MUSIC, and click on 'God Bless America' and sing the following lyrics to that tune, right?

Here we go- 1, 2, 3, 4....

Fraud bless America
 Land that's corrupt
Stand beside it, and guide it
 To the toilet that will flush with your glove.
From the Dow Jones
 To the NASDAQ
To the Treasury
 And the FED!
Fraud bless America
 It's what I said.

Fraud bless America
 One big fat lie
We're collapsing, and sinking
 In two wars where so many will die.
All for profit
 Not for freedom
Keep the Dow up
 NASDAQ too!
Fraud bless America
 O shame on you
Fraud bless America
 You smell like poo.

End.

Anyone can stay at this site and type in 529757 and go to 'Consumer Comment #41' at Ripoff Report #529757 to see that "FRAUD BLESS AMERICA" was also posted on September 20, 2010.

Thank You

WELCOME TO AMERICA- IN FRAUD WE TRUST

***ALERT: For those of you wondering if there will be a "double dip", the answer is YES! The reason that this country will go into another Recession, and maybe even a Depression, is because the USA is a country whose foundation is solidly built on- LIES, DECEPTION, FRAUD, MANIPULATION, GREED, TRICKERY, DEEP CORRUPTION, & the CONSTANT PURSUIT TO FINANCIALLY INJURE THE INNOCENT PEOPLE OF AMERICA AND ALL OVER THE WORLD.

Have a nice weekend.
 

Thank You.

It hasn't posted yet. For some reason, my posts have been taking a bit longer to post. I look forward to a rational discussion with you.

that taking out an ARM ('Adjustable Rate Mortgage'), or an 'Interest Only Mortgage' was okay, and they'd be able to refinance their homes at an affordable payment with an affordable rate when those ARM's began to 'adjust', didn't they? And MILLIONS upon MILLIONS of people who took out 'equity' in their homes BELIEVED that their homes would continue to appreciate in value, correct?

I do agree many people do not know how to save or manage their finances well enough. Or maybe they work 9 hours a day, commute an hour each way and are tired and pressed for time.. so they eat a 3-4 dollar fast food meal instead of shop..or spend $1.85 on a cup of coffee instead of home brewing..or drinking disgusting tap water instead.

But these same people the bank defenders consistently knock and blame..are the ones the banks are making the most money off of. I do not hear these customers complaining about the price of a Wendys hamburger...or the price of a cup of coffee..what I witness many of them complaining about..is the bank gladly charging them a 35 dollar fee for the happy meal..and the reason the meal was so expensive...is because either the transaction was allowed to be processed even though the account was drained..or due to a manipulation or tactics the customer was unaware of...the bank charged a fee and sometimes many additional fees as well. Since the customer was unaware this would happen..they clearly had no "intent" of overdrafting.

Was it a mistake or neglect possibly? Yes, possibly..but how much punishment for so little crime, if you consider buying a coffee or burger when you were unaware you were overdrafted a crime?

I feel as well..it is very easy for someone not in their shoes to come to this site and throw all the blame on them...and explain to them how irresponsible they are...but if as well...the banks unnecessary policies and tactics were not in place...there would be no complaint lodged..and the hard working tax paying Americans can reward themselves with a 99 cent burger and a cup of coffee after working all day..or..the transaction be declined if the funds are not available and they save all those fees......and this is one of the reasons the policy changes are going to happen..so it may not be the best example for the bank defenders to use all the time.

I guess you just wait around to find anything you can in attempt to discredit me. I guess you don't think I am aware of what you do...or what I type??

If you read the post I left regarding the "short term loan" you will note a few clues of how I was setting you up...

1) I myself would actually consider opting in for courtesy overdraft protection again

2) Now I know this lights up a red light to many

3) in this hypothetical situation

That entire post was only to demonstrate what many people can reasonably assume about OD protection. This is what the banks WANT people to think it is. So when you and others continually call customers "irresponsible" simply because they overdrafted..it is not always the case. And this is what I mean by the bank "encourages" it.

You have read enough of my posts to know I would never even CONSIDER overdraft protection again. I keep a low balance and I do not use checks, so why would I risk having OD protection..I do not wish the bank to allow any thief, shady merchant or scammer have a field say with MY card...the bank allows this to go on without notifying me...the bank allowing unauthorized transactions to go on and on..and then on top of it..the bank charging ME all those fees..and when I lodge a dispute they will tell me "there is nothing we can do"...not this guy. I keep my credit card handy for emergencies...fortunately they haven't raised my rates or canceled it for no reason..yet. 

For many others..the only thing they may depend on in a "emergency"..would be something the BANK themselves so lovingly call.."courtesy overdraft protection"

Which is why I also posted "this lights up a red light" and that "this situation is hypothetical"

What has made me start to believe I may have misjudged you..since I was opening up a little to your side..and trying to understand your views and motives..is that fact that it is clearly apparent you took responding to my post as an opportunity to knock people who are less well off and financially struggling...this is a recession Robert...a bad one...try show a little compassionate please, the banks made enough off the struggling and hardest hit..and enough off the taxpayers...and what do we ask in return???...  just for them to be fair, nothing more, nothing less.

I know in your mind you consider an overdraft as "using the banks money"..well first off do they not have most of ours?..and second of all...do they not get "their" money back and then quite a but more of ours? Or do you take the Kangaroo Courts side that the banks have been losing money from overdrafters?  Go ahead Robert..pick any question to answer so we can debunk it again.

Thank you.

banking sector, and in many other sectors of our economy in the USA, our system would come to a screeching halt. The big banks NEED to generate BIG profits in order to stay afloat, and OVERDRAFT FEES are just one way they're doing it, correct? By eliminating OVERDRAFT charges that are excessive, and border on FRAUD in most cases due to the manipulation of re-sequencing transactions, these banks would most likely COLLAPSE, in my opinion. 

I am a very middle of the road bank employee and let me first address Ronny and his stance on things.  He is very much looking at the situation from a consumer and fairness.  I can appreciate that.  His biggest issues are overdraft protection issues and resequencing.  Overdraft protection needs to be amended.  That is my stance.  For a bank to charge $30 something dollars for ever single transaction that hits is excessive.  Most banks will be capping what they can charge per day.  I am glad to see this change.  No consumer should have to pay back $500 a day in overdraft fees for $1 items.  I agree that is not fair.  Also resequencing falls into this same issue since banks can change the dollar amounts to charge the most fees possible.  Laws are changing and I think for the most part it will help prevent consumers from getting into so many fee they cannot get out of it.

Now to Robert.  Robert is 100% correct when it comes to consumers not taking on responsibility to saving for the future.  I cannot tell you how many times we ask our customers if they would like to take 15 minutes out of their day to speak to a personal banker about future planning for retirement or savings.  All we do is to make sure they are not living outside of their means.  We discuss setting up savings, money markets, and investments to maximize their future retirment earnings.  Now here is the issue....it is totally FREE for them to talk to us, but because they are so busy they wont set up a 15 appt to discuss their options. 

Ronny you mentioned that overdraft should be used for emergencies.  I can tell you that overdraft should never be used period.  Savings should be used for emergencies.  Instead of buying that Starbucks cup of coffee everyday for $5 put that money into your savings acct.  Instead of buying your kid a PS3 buy the child a savings bond or put it into a UTMA account where you dont even have to claim the interest on your taxes.  There are so many things people should do that they are not doing.

You can re-post it here, if it's not too lengthy, or you can just simply provide the other ROR # and title and I can go read it there.

But for the record, I like to keep discussions on one thread for easy reference. I'm sure you've noticed by now that many others, myself included, will post the same comments, word-for-word, on different threads. The reason being, sometimes it applies on all of the different threads.

And depending on the issue, some will never see them, if they never see any reason to go view the other thread.

If you post them here, I will certainly disect and show any holes in logic. But if your comments shoot down any of my opinions or judgements, I am always one to give credit where it's due and acknowledge when someone else has a valid point. Even when their point disproves mine, which happens very rarely [tongue in cheek]. :)

Ronny I do have to admit I really do like how you twist things sometimes.  So because someone has a "special" situation they should take the ability to Overdraft as an open invitation for a "short term loan" because they are being "responsible".  You talk about the ethics of the banks, well what about the ethics of using money that is not yours?  It does not matter if you make the deposit in 1 hour or 1 week, the fact is that you have used money that is NOT yours.   What if every one at that bank(or even half) decided to overdraft their account by $100 on a single day.  That bank is going to have some major stability issues, because that money has to come from somewhere.

I was actually wondering when you were going to bring this "car breaks down" scenario again.  How about this as a responsible solution...Plan ahead.  You talk about being able to budget the repair, well what works better than putting a little money aside each week in ADVANCE as part of a budget.  You can then tie that money into overdraft protection where if you happen to overdraft they can just pull it from the savings and no huge OD Fees.  In fact in this case they don't even have to budget for this extra expense because it was covered from the savings.  They may even be a little ahead by getting that lovely 0.25% interest rate.

Oh but what about the people who live "paycheck to paycheck" you ask.  Well yes I would bet if people got serious even they can save $10-$20 a week without a struggle.  Just look at how many reports where people show their debit card purchases.  How many have a majority of purchases at Fast Food or Convenience Stores.  How many times have you heard "If I only knew that $5 cup of coffee was going to cost me $35 I wouldn't have bought it".  So if these same people cut the times they eat out that could save them the $20 a week right there.  If they don't need a $40 cup of coffee, why do they need a $5 cup of coffee?  It just takes people wanting to show financial discipline with their money.  If people showed a little more discipline your scenario would be a non-issue.

I myself would actually consider opting in for courtesy overdraft protection again once the banks can no longer re-sequence transactions...because I will then be the one truly in control of my money..not the bank.

Lets say I am running low on funds..and my car broke down. If I needed some funds beyond what is available in my account to get my car fixed so I can get to work..and I know my direct deposit is going straight to the bank anyway..whether I want it to or not..then the protection can actually be used "responsibly" as a short term loan. Now I know this lights up a red light to many..but since I would be making a deposit quickly to cover the overdraft...the "interest" rate so to speak, would still be in the very high..win for the bank..right?

Win for me too..since my car will be fixed...and since I can rest confident that the bank would not be manipulating anything...I can still budget the fee into my financial statement or register..and all will be well. So in this case..the evil overdrafter was actually "protected"...the bank actually provided a "courtesy"..the bank collected the agreed to fee as per THEIR TERMS for providing said "courtesy service"..and not a PENNY more from manipulations. So in effect..the evil horrible overdrafter (me) actually overdrafted with responsibility in this hypothetical situation...am I wrong here?

...It only proves more so that you and the others who do this... are bank defenders, first class. And regardless of you posting B of A's terms ...it still seems B of A has a larger percentage of the complaints posted on ROR as compared to many others...so, what does this tell us?...and what good has it done?

And..you also need to take into consideration what is happening with bank takeovers and mergers..customers terms have been changing without them being aware or agreeing to it.

And the bank defenders who keep using the term "vast majority" need to realize it does not matter. As even if only one customer was subjected to any additional fees brought on by an unnecessary policy (or a tactic if you want to be honest about it)..then it needs to be addressed. If any business is pilfering and scamming people...they are just as guilty if they did it to one person..or millions of people as the banks have..it is irrelevant to us mentioning the percentage of customers who fell for or got caught in the trap...it will be and IS being addressed..and not just by Edward and I apparently.

As far as the consistent statements by bank defenders regarding that "it doesn't matter how banks process transactions"..as mentioned many many times here...it does matter... if you overdraft. Now to think no one will ever overdraft just because the percentage of customers who do overdraft is less then the ones who haven't..still leads to the same question..that does not seem to EVER be addressed or answered here..and that is why did the banks find it necessary to re-sequence ANY transactions anymore?..if have Edward and I have pointed out..is no longer necessary..for ANY reason the banks have given...so do you or any other banks defenders know another reason that the banks won't tell us? Why have Edward and I (and even Karl) been able to figure this out?

I don't "enjoy" calling anyone a bank defender..but I call it as I see it. If this whole issue was as simple as "reading legal documents"..then why the pressure from congress? Why all the lawsuits?? Why all the complaints? why 38 billion dollars in fees this year? and why are the banks themselves starting to change these horrible anti-customer policies as we type here?

I will now address your last statement...by section...

"I know that you believe the new policies will change everything but consider this - do you really believe that the banks won't come up with some kind of new strategy to deal with people who are chronic overdrafters?"

This is too easy to clear up. First off..lets get this out of the way. A so called "chronic overdrafter" is not a criminal. And not a bad thing for the banks..right? Otherwise why does the bank not close their accounts?

Now with that said...after the changes are put into effect..and a customer decides by their own choice..to sign up for courtesy overdraft protection..and then chronically overdrafts..they will get fees for the overdrafts. Now...for the banks that will be no longer re-sequencing transactions..which I believe will eventually be ALL of them..then the chronic overdrafters..and ANY overdrafter who CHOSE to enroll in OD protection..can not lodge a legitimate complaint ever again..period..end of story. Does this mean some of them won't lodge complaints? Most likely not..but I won't be able to defend them..no one will.


" Perhaps a fee for denying transactions like they used to do with checks or even closing accounts for people who habitually attempt to go beyond their available balance. Trust me, even with the changes people will still have to adopt sound financial management techniques."

There would be no point to doing this. If the banks decide to charge a fee for denying transactions..then they better make d**n well sure those online statements are not manipulated..otherwise it will be dealt with as well. However..if they did charge a fee for declining a transaction..at least the customer won't be subject to all those additional fees caused by manipulations..AND if they have half a brain..will know to figure out that the account is empty..or they need to investigate why it was declined...this is giving the customer a fair chance..which is all the can be expected.

If the banks chose to close an account for someone who continually attempts to overdraft..so be it. If the customer is aware of this policy..and is not charged OD fees for transactions that cleared..then that is up to the bank.

As far as people adopting "sound financial management techniques"...I have no rebut to that..I agree with it. Now lets just hope the banks themselves can learn to do the same, and not BLAME everyone else for their mismanagement, so we don't have to bail them out.... AGAIN.

I addressed your one-way-or-the-other scenario in another thread. Shall I repost here or would you rather keep the discussion in one thread?

Federal Reserve chart, shown at the site which can be 'Googled', entitled- WHO OWNS THE FED?, lists the following members: JP Morgan, Morgan Stanley, & Lehman Brothers, then it would be safe to assume that the Federal Reserve has $11 BILLION in 'secret life insurance policies' on some of the lives of their current & former employees at JP Morgan Chase branches in the USA, right? I'm sure you 'Googled' this- BANK EXECUTIVES PROFITING ON THE DEATH OF EMPLOYEES, and read that article, correct? It states in that article that Chase has $11 BILLION in policies, doesn't it? And I'm certain you 'Googled' this- JP MORGAN CHASE COMPLAINTS SECRET LIFE INSURANCE POLICIES, and read that article too, correct?

(((Redacted)))

CLICK here to see why Rip-off Report, as a matter of policy, deleted either a phone number, link or e-mail address from this Report.

It looks as though the Federal Reserve 'overdrafted', right? Ben Bernanke said he needed $700 BILLION in that emergency meeting last year, correct? I'm sure you already 'Googled' this- INSIDE THE MELTDOWN, and watched it, right?

For those class action lawsuits filed within the last few years and still pending, I would say their chances of winning are, uh, 100%. One of two things will happen. You will start to see a flood of settlements initiated by the banks, or the banks will lose on day one if it makes it all the way to court. Plaintiff lawyers would only call one witness, the CEO of the bank. And they would only ask one question: ''If you say this lawsuit is baseless and without merit, and your policies are not unfair, why are you now in a rush to abolish these same policies? No further questions and the people rest.''

Now to the re-sequencing discussion and a very familiar quote often used by bank defenders and consumer critics. The quote from Edgeman: ''However, the vast majority of people with checking accounts do not overdraft their accounts...''

Remember that survey several years ago, when the banks 'lied' to us? They told us their customers indicated they would prefer the largest items paid first because those are the important items like mortgages and auto loans. If 99% of customers have no problems at all would overdrafts, like they claim, re-sequencing is not an issue for them, so why would they care? For the 1% of customers who do have overdraft problems, re-sequencing only worsens things for them, so why in the world would they be for it?

So we have ourselves a hypocritical dilemma. Out of one side of their mouths, the customer critics and bank defenders, like Karen, say they are part of the 99% of customers who know how to keep and balance a check register, and they consistently chastise and insult other customers. But out of the other side of their mouths, this same group supports and PREFERS re-sequencing because they would rather have their mortgage check paid instead of the McDonald's Big Mac. Again, why would that matter if you're a part of the 99% of customers without overdraft problems?

The obvious hypocritical contradiction is the ripoff here.

If you dig around RipOff report, you'll find that I have agreed that resequencing transactions from highest to lowest works in the banks favor if the account holder overdrafts. However, the vast majority of people with checking accounts do not overdraft their accounts and Karen's point is valid. Always stay within your available balance and it doesn't matter how banks process transactions. It shouldn't even be an issue.

Now I know that you enjoy calling us "bank defenders" but if you really think about it, we are the ones who have been advocating paying the banks less (or preferably nothing) in overdraft fees. I have also been trying to drive home the point that people really need to read and understand legal documents before they sign them.

When Bank of America has this in their account agreement-

"We may determine in our discretion the order of processing and posting deposits, fees, charges, checks, debits and other items o your account. We may credit, accept, pay, certify or return deposits, fees, charges, checks, debits and other items and other items arriving to your account on the same day in any order at our option. We may give preference to any fees, charges, checks, debits or other items payable to us. We may change our processing and posting orders at any time without notice to you.

     We may establish categories for fees, charges, checks, debits, and other items and designate a posting priority for each category. A category may include more than one type of item. For example, we may treat ATM withdrawals and loan payments as one category and checks as another category and then process ATM withdrawals and loan payments before checks. Within each category, we may process and post items in any order we choose. We may use the same or different orders for different categories. We may change categories and order within categories at any time without notice.

     When you do not have enough available funds in your account to cover all of the items presented that day, some posting orders may result in more insufficient funds items and more fees than other orders. We may choose our processing and psoting orders regardless of whether additional fees may result. If you want to avoid fees for insufficient funds and the possibility of returned items, you should ensure that your account contains sufficient funds for all of your transactions".

and:

     "We do not process transactions in the order in which they occured". and: "In most states we process and post items within each category from highest to lowest dollar amount. If you do not have enough available funds to cover all of your transactions on any given day, the high-to-low posting order may result in more insufficient funds items and more fees than may have resulted if we had used another posting order."

We have a situation where the customer authorized the bank to process transactions in any order and knew that the order was likely to be from highest-to-lowest. If they know that and have a series of pending transactions and still choose to use careless financial management, then this is a situation of their own making. Financial suicide, if you will.

I know that you believe the new policies will change everything but consider this - do you really believe that the banks won't come up with some kind of new strategy to deal with people who are chronic overdrafters? Perhaps a fee for denying transactions like they used to do with checks or even closing accounts for people who habitually attempt to go beyond their available balance. Trust me, even with the changes people will still have to adopt sound financial management techniques.

 

Karen...you stated...

"Resequencing shouldn't matter IF you have the money in your account to cover all transactions.  End of story. "


Not quite the end of story..yet. Once the changes go into effect...possibly.

Because if you yourself personally have not fallen into the trap of re-sequencing combined with mandatory forced "automatic" overdraft protection..you have no place in this discussion..

Because...it goes without saying that "if you have money in the account to cover all transactions..you won't overdraft"...but answer this...why does the bank need to re-sequence any transactions at all then?

If the customer has overdraft protection...but never overdrafts...what is the point to re-sequencing?

If the customer is not forced to "automatically" opt in..then they will not have OD protection..so what is the point to re-sequencing?

If the customer has overdraft protection..and does overdraft..the bank covers ALL of the transactions..coffee, diapers for the baby, condoms..AND the Mortgage...so again..what is the point to re-sequencing?

Seems to me since judging by most of the complaints..that the only purpose..and the only RESULT of re-sequencing..has been for the bank to charge overdraft fees for transactions that actually has the funds available at the time of the transactions..otherwise ,it would have been IMPOSSIBLE for the bank to charge an overdraft fee for it.

Now if you think people should pay additional fees above and beyond any legitimate overdrafts as some kind of "punishment" for not taking "personal responsibility"..then you are worse then the banks..who at least attempt to sugar coat their tactics by putting the word "courtesy" in front of said tactic.

Now with that said...yes..many overdrafts are caused by carelessness..error..perhaps someone is a little "slow" to catch on..but have they committed a crime? No..since the bank offers a service..which has discussed previously is called "automatic courtesy overdraft protection" So it can't in all reasoning be a crime to overdraft..since the bank permits it or even forces it on us in some cases..and charges a fee for the service provided..and covers the overdraft. In this case if it was a crime..the bank would technically be an accessory.

So..is overdrafting a crime?  NO

Is an overdraft caused by being irresponsible a crime?  NO

Is the bank charging ANY overdraft fees...for ANY customer, who overdrafted for ANY reason..to be charged any ADDITIONAL overdraft fees for any transactions that had the funds..but SOLELY due to the banks manipulations..were charged fees? Many feel this is a crime..or at the very least..a swindle..a trap...and pilfering, to be nice and only name a few.

So...the banks must agree as well..since they ARE currently changing policies to allow the customers to choose how they best wish to "protect" THEIR money..and protect themselves from excessive fees..brought on by forced OD protection..and as proven ..the completely unnecessary re-sequencing of their transactions.

I think even a sociopath could understand this..am I wrong?

How about a class action suit filed against all the supposed adults that don't know how to maintain a check register and spend more than they earn?!!

Resequencing shouldn't matter IF you have the money in your account to cover all transactions.  End of story. 

average lifespan may be longer now than in the 1930's. However, if you or anyone else believes that 'living longer' is a benefit, consider this- many people ARE 'living longer' today, but they're doing it in Nursing Homes, and most are on multiple prescription drugs which don't make a person's 'life' any better, correct? If a person who lived to be 65 years of age in 1930 did it without being put on prescription medication and being placed into a Nursing Home, and had a 'Happy Life', & died at age 65, then what's wrong with that? We're all going to die someday, correct?

"Americans are being told that we have an unemployment rate of 9.8%, which is NOT the overall true picture. It is closer to 18% because there are many people who have given-up their job search, and are not in being realized in that figure, and there are many people working part-time jobs, but want FULL-TIME positions."

I am one of those. I was cut to part time, even though the company I work for is posting gains in revenue this quarter despite the recession..and I have lost ALL of my benefits..even though there is a slot open for full time..and I am available full time hours, and MORE then qualified for the position. But fortunately..since this is AMERICA, and there still is opportunity for those with motivation, innovation..skills, and a little luck..there is possibility to ride this out..I am using a home based Ebay business to supplement the loss of my benefits and cut hours.

"Also consider this- the current U.S. total population is around 307 MILLION at this moment. In 1930, during the time of the 'Great Depression', the U.S. total population was about 122 MILLION. (Both figures are from the U.S. census site.)"

I was a census worker several years ago while still in college. We were instructed to count everyone..regardless of citizenship status..since we are not required to ask citizenship..nor was anyone required to "volunteer" this information to the census bureau. Kinda makes you go..hmmm. Not that this negates what you posted..which may in fact be accurate..but I can tell you first hand..illegals are being counted as "citizens"...houses PACKED with them, by the score.

"And keep in mind, WOMEN make up a large portion of the workforce today. In the 1930's women did NOT work in jobs as they do now. So, there are FAR MORE people who are UNEMPLOYED in America now as compared to the 1930's, correct? "

There are more people unemployed...and there are more people here. But agreed..proportionately and statistically,  it appears as evident..this recession is worse then any..in any of our lifetimes.

"In the 1930's Americans didn't have CREDIT CARD DEBT, AUTO LOANS, 2nd MORTGAGES, COLLEGE LOANS, & all the other wonderful things that Americans have today, right? Americans didn't have HEALTH INSURANCE in the 1930's either, correct?"

Can't argue that. But the average lifespan was quite a bit lower in the 1930's..would you not agree?

And in the 1930's there were no OVERDRAFT FEES!

According to my great grandmother..whom I helped edit her autobiography before her death...there was also no food in the 1930"s..or at least not like it is today. The average American probably throws away more food PER MEAL...then the average "provider" during the great depression had to feed a family for a day.

"So, the 'falsehood' is that the PEOPLE of America are being 'MANIPULATED' into believing that our economy is 'recovering'. Tell that to the 900,000+ who went into FORECLOSURE in July, August, & September."

I do not believe I have heard any claims by anyone posting here..be it bank defenders...posters of complaints..or the sociopaths ever argue that we are in recovery. Because regardless of whatever any "economists" say..we have discovered as evident by history..that they are more often then not..WRONG..but as well..anyone with half a brain should see the signs that we have not bottomed out yet. But I believe we will...and then recover. How long it takes is anyone's guess..but it may be years. I am fortunate I work in the technologies industry...as Americans and the rest of the world have become as dependent on that..as they have food and a home..so I feel pretty stable for now..even thought I was cut hours and cut benefits. They gave me almost 38 hours next week...imagine that?

Yes..there are infinite "scenarios" we all can come up with that can cause an overdraft...some legitimate..some debatable...

But to me it is much simply viewed.

IF..and I repeat..IF the bank allowed a swipe at a gas pump when the balance was low..and it overdrafted the account....which I guess in all the infinite possibilities...is possible to occur...then the overdraft fee if so applied..is legitimate.

But....at least the customer can rest assured...that for what ever reason the account was overdrafted..be it negligence..mistake, fraud, theft or unauthorized use of debit card, intention, stupidity..drug addition, slack jawed wife beater tee shirt wearing meth lab owner, customer of "I am the Laws" bank branch...it won't matter ..or cause any other then the fee for that particular overdradft.

Because WHEN re-sequencing is no longer a trap/threat...the customer may be subjected to a fee..a SINGLE fee..for the SINGLE overdraft at the gas pump...but once that account has posted overdrafted..no other transactions after that point will be allowed to complete or process. Hence not only will they not be subject to any more "legitimate" overdraft fees because it will be impossible..but since re-sequencing will be a thing of the past..not a single bank manipulation will be possible to apply fees to any transactions that had the funds "available" as posted..for the purpose of causing overdraft fees...so hence..NO LEGITIMATE rip off report could be lodged....it would be too easy to discredit and debunk it..just like it is currently too easy to discredit and debunk many of the bank defenders defenses we read here...kind of like "opposite/ignorant world"... where most bank defenders currently seem to reside.

As I have stated a zillion times here...it is very easy for someone who has not been in the situation..or been "trapped" into the scam..to simply state "it's all your fault, the bank did nothing wrong..the bank didn't force you to overdraft..take personal responsibility...if you don't overdraft it doesn't matter if the bank SCREWS with and un-necessarily manipulates your sequence of transactions, learn to use a register..balance your account...use cash.. etc etc etc same thing that has proven useless over and over relentlessly,,and redundantly.. on these reports...."

..but none of the feeble, canned, generic, compassion-less sociopath bank defenders statements mean anything..if a SINGLE customer, yes...ONE SINGLE CUSTOMER was EVER charged ANY fee for overdrafting...that was due to a manipulation of the time/order of the transaction by the bank. ANY overdraft fee that was applied to any transaction that had the funds available at the time of the transaction is nothing less then annexation, appropriation, , burglary, caper, cheating, CON, crime, defrauding, deprivation, embezzlement, extortion, filch, fleece, fraud, heist, , hustle, larceny,looting, mugging, peculation, pilferage, piracy, plunder, purloining, racket, rapacity, rip-off, robbery, SCAM, steal, swindle, and ... a "trap".

If anyone has trouble with the definitions of any of the words I posted...'google' it.."anyone can"  even Karl..the psychopath, who "means well" yet causes more harm then good by distracting the subject and detouring the topics..and explain to me how I am wrong so I can verily debunk it..and probably do so typing with my feet while I am asleep..If anyone does not understand what "debunk" means...just 'google" it as well.."anyone can".

Americans are being told that we have an unemployment rate of 9.8%, which is NOT the overall true picture. It is closer to 18% because there are many people who have given-up their job search, and are not in being realized in that figure, and there are many people working part-time jobs, but want FULL-TIME positions.

Robert I am afraid you are quite mistaken there buddy.  I can tell you since I have managed quite  afew banks that in fact it does affect your available balance.  If a customer has $20 in their account and they go to the gas station and pay at the pump normally the merchant places a hold of some type normally $1-$75 against their available balance.  So if the customer went out and bought $15 in gas but the merchant held the $75 the customers account would be -$55 and anything else that posted against it would incur an overdraft fee even if they had the money in their account.  Now I can tell you I do not agree with this policy mainly because a customer who kept a good record would have no idea where the fees would be coming from.  But to rebut your last statement yes gas pumps, bars, hotels and rental places DO affect your available balance.

MANIPULATING that price of OIL last year, causing gasoline prices to go over $4 a gallon? I'm sure you've already 'Googled' this- DID SPECULATION FUEL OIL PRICE SWINGS, and watched that '60 Minutes' segment on the web, right?

Ronny G, you found a way to sum up all of these infinite exceptions the bank defenders often throw out:

''I have not read too many complaints here that a customer who was opted out of OD protection was allowed to pump more gas then they had available in their balance..but if this is the worst of the complaints we see here after the changes are put into effect..I think we can live with it''.

Most of the recent fallout against all of these fees is when many banks began the new practice of charging fees for holds. Most banks refer to it as the Unavailable Funds Fee. While a transaction is sitting there ON HOLD, PENDING and UNPOSTED, the bank charges fees for all of the other ten or twenty transactions that post while the 'Available' balance is negative, because of the single, PENDING transaction. The reason the gas pump hold is a non-issue is because gas pump holds NEVER show up as pending transactions. Is that clear enough to end this often used fallacy?

If your Available Balance is $50, and you swipe your card at Walmart for $75 that leaves your Available Balance negative ($25). If you have five small transactions that post while the Walmart transaction is PENDING, all five will be charged a fee, even though your real Posted Account Balance was sufficient to cover all of them.

If you substitute a gas pump transaction for the Walmart transaction in the example above, none of the posting transactions will be charged a fee while the gas pump transaction is on hold because it doesn't show up as PENDING and doesn't affect the Available Balance. Is that clear enough to end this often used fallacy?

STAY AFLOAT! Keep watching the price of OIL over the next several months and into 2010 & 2011. Our 'leaders' are now realizing that the worst is NOT behind us, in my opinion. There were over 900,000 foreclosures in July- September. It was the worst 3 months ever! 'Google' this- FORECLOSURES: WORST THREE MONTHS EVER, and read it.

The funny thing is Robert...I am a fairly good judge of charactor..not 100% of the time..but I bet we have similar views on many things,,I just get that feeling.

That aside..I refuse to keep typing the same things over and over. There are enough replies by me left on this site to CLEARLY make it apparent waht I feel the banks are doing wrong...and I also CLEARLY explain the customers part in this as well.

BOTH are doing wrong..and BOTH need to make changes..or we will continue to see these report over and over...

And now to your question...

"I really am curious in a few months as to what side you will take when an account holder opts-out.  They then get hit with a $35 overdraft fee, because they pumped $40 in gas with $5 in the account, since they "thought" that it should have been stopped"

Again you with the freaking gas pump. I will state this again very CLEARLY..and this applies to gas pumps or any pump...IF the overdraft is LEGITIMATE...there will be a fee. IF the customer complains about a LEGITIMATE fee..I will be there with you defending the bank. Because if this is what it all has to come down to in our debate... you want to narrow this whole issue down to a gas pump so be it....if the customer is using their debit card as a credit card..they need to be aware that it will be possible to overdraft..or as they call it with a credit card..going "over limit".

I have not read too many complaints here that a customer who was opted out of OD protection was allowed to pump more gas then they had available in their balance..but if this is the worst of the complaints we see here after the changes are put into effect..I think we can live with it. Now I do not know if all banks do this..but once I opted out of OD protection with my bank..I noticed if my balance is below a certain amount..if I swipe the card at the pump...it tells me "the transaction can not be completed..please see associate inside". So perhaps the banks already thought about this? I don't know but either way to me it is a non issue and involves no under-handedness on the banks part..hence no legitimate rip off could be lodged.

You agree that many customers are repeat offenders.  You agree that some are doing it with INTENT because of what they THINK will happen.  You agree that many hold responsibility for overdrafting.  You don't have much pitty for ones that continue to overdraft once they realize how banking works.  But then you twist to where they become the victim

and especially those who did not want a transaction to clear if the account was below zero

If the account holder didn't want a transaction to clear if they were below zero.  Wouldn't logic dictate that they probably should make sure that their balance is not below zero when they made the transaction.  Oh and that also takes care of the posting order because if they don't go below zero that no longer matters as well.

Again I am not saying that they should not have a right to opt-out of the overdraft protection.  But really why is is so hard for you to come right out and admit if the account holder actually managed their account this would not even be needed.  After all you have admited just about everything else where it is actually the account holder who needs to be held be responsible.   I really am curious in a few months as to what side you will take when an account holder opts-out.  They then get hit with a $35 overdraft fee, because they pumped $40 in gas with $5 in the account, since they "thought" that it should have been stopped.

 I do recall you usually seem to be fair and unbiased in your responses.

Yes it is called rip off report for a reason..so lets post the definition of ripoff from the online encyclopedia...

A ripoff (or rip-off) is a bad deal. Usually it refers to an incident in which a person pays too much for something. A ripoff is distinguished from a scam in that a scam involves wrongdoing such as fraud; a ripoff, on the other hand, is in the eye of the beholder.

In the eye of the beholder is key..because (and I am not talking about you here) the majority of the bank defenders are almost sociopathic in their inablilty to understand or reason with the fact...that the customer often has a legitimate reason to FEEL as though they were ripped off..whereas the "eye of the bank defender" fails to see any but the banks side, every time, regardless of circumstance.

Many of us feel the banks are using tactics that are VERY unfair..so if a customer wants to be involved with a class action lawsuit against the bank they FEEL wronged them..what is so unfair?

Getting involved with the lawsuits (and there are PLENTY to choose from) will not cost them a penny..just a little time. The law firms simply want to ask some questions..and document some evidence. What did cost the customers money that they feel was unjustly stolen from them..and quite "unfairly" I might add..is when the mandatory forced un-requested courtesy overdraft protection service was combined with the unnecessary un-requested re-sequencing of transactions.

Now exemployee..you tell me often you are still a bank employee..and I don't believe you told me for which bank..and may not be allowed to...but perhaps your bank does not practice deception and manipulation for the SOLE purpose of maximizing fees....but to wit from many of these reports...we see this occur.

While I do agree with you many customers are repeat offenders..I do believe some even though overdrafting with intent..truly believe they are only going to receive fees for the legitimate overdrafts "per"..and pay the fee as agreed to by the terms of their bank. Of course they are angry when it turns out that due to time manipulation..they are being charged with far more fees then then expected..or deserved.

This is not to say the customer holds no responsibility for incurring an overdraft..as many do..and I don't feel too much pity for any customer that understands how the bank works..and continues to overdraft with no regard.

But for ANYONE who was victimized (yes I used that term to describe it..sorry) by manipulations and re-sequencing...and especially those who did not want a transaction to clear if the account was below zero..but it did anyway..I hold the banks just as..if not more so responsible.

I hope you see our side...you have been very reasonable for the most part..I do not think you intend malice on your customers.

I hate with a passion that any of this has come to lawsuits..and further legislation..but if the banks can not on their own come up with a business plan that allows them to survive and profit without resorting to questionable tactics and unfair and unethical treatment of their customers..then I say let em close up shop, or do the right thing.

interesting how much control the banks & the bankers have in America & all over the world, wouldn't you agree? Banks can do almost anything to their customers, & even

This website is called rip off report for a reason.  It is because individuals come on here and complain against companies.  The vast majority of people have never had more than a couple of overdrafts and they understand why they get them.  If you think banks are ripping you off imagine the amount of money it is going to cost you to hire an attorney or the time lost from your job to talk to attorneys about OD fees.  You can take a bank to court for allowing a abank to rip you off I agree that is your choice, but take it from me all banks have the verbage about how overdrafts occurr and resequencing transactions and most banks will even try to explain to you how to avoid them in the future.  I can guaranty you most of the individuals who come on here and complain mainly because I have dealt with them in the past are repeat overdrawers of their account.  It is about balancing a check book, utitilizing online banking on a consistent basis and not living outside of their means.  Banks are financial institutions that are their to lend money and keep your money safe.  It is the CUSTOMERS choice to use a debit card or withdraw their money.  Banks do not force customers to do these things.

Just take a few hours and google "wachovia lawsuits"  then add words in the search like "re-sequencing" "re-ordering" "courtesy overdraft protection" etc.

Also you can contact Finkelstein Thompson LLP, the information is on their website..I am sure they would love to speak with you. They are one of the many lawfirms looking into this.

Now a few nimrods will come here to insult and blame you. However they are not the ones who feel they were ripped off by this bank..so just blank them out..non issues.

Only you know if you were ripped off. The banks have already started to change some of these tactics and policies voluntarily..since all the complaints, pressure from congress and pending lawsuits is backing them into a wall.

Until then..now that you are fully aware of the tactics..arbitrary excessive check clearing and holding times..and the fact that polices are changing ..or seem to be without your knowledge or consent...be so careful to protect your money like you never have..make it your 2nd job..when you get up in the morning..and before you go to sleep..do not let these thieves bilk one more penny from you..because they consider covering an overdraft as a "courtesy"..regardless of how much it costs YOU.

So tell me, why did you use your debit card 3 times when you knew you didnt have the money in your account?.  Who cares if the holds are not posted for 7 days.  The vendor took his time submitting the charges to your bank.  That is his business.  your business is to know what you have withdrawn from your account.

YOU MUST RECONCILE THE AVAILABLE BALANCE FROM YOUR REGISITER WITH THE AVAILABLE BALANCE FROM THE ONLINE BANKING SYSTEM.

IF YOU DONT KNOW HOW TO DO THIS, GO BACK AND ASK MOMMIE AND DADDY TO SHOW YOU.