Chase bank adding insult to injury… STILL!!!!
As if being partially responsible for crashing the American economy wasn’t enough…Chase is at it again. Their greed is boundless and they happily profit from human suffering. Not many people know that Chase funded Enron, the company that committed fraud in the energy market and caused the rolling blackouts and enormous energy costs in California in 2000/2001. California is known for it’s heat waves, droughts, and fire seasons. It is even said that one man died during those blackouts when power was cut to his dialysis machine, while countless others suffered in vain from the heat. Until de-regulation and Enron California had never experienced an energy crisis. There had always been enough power. Now Chase is up to the same kind of tricks. When you drive up the demand and limit the supply you can make huge profits, never mind all the people that get hurt. Luckily for us FERC caught them this time. Chase was found guilty of overcharging for energy and made to pay at least some of the overages back. They have been sanctioned and fined for fraudulently manipulating California’s energy market (AGAIN) and also for blocking the retro-fitting of an energy plant they control that must be up to par by 2013. They have received a 6 mos suspension from trading in the energy market in 2013. This of course is small potatoes to them and does not amount to the jail time they deserve. Chase of course has cried foul and said it was all a misunderstanding and unintentional. If you believe that? I have some ocean front property in Arizona to sell you too!
Chase has a long history of bailouts, unethical business practices and profiting from acts of inhumanity. During WWII they disobeyed a direct order from the president not to release funds to Nazi Germany. They did so anyway, profiting from and partially funding the Holocaust.
As long as money is more important than people, people will continue to suffer and even die at the hands of those who stand to profit from their demise.
All of the information I have outlined here in this article is available to all who would seek it. Chase is just one of the big banks responsible for crashing our economy and we should not be banking with any of them, others include Goldman Sachs, Wells Fargo, and Bank of America. Since Enron we have regulatory agencies watching energy traders so hopefully we will never again experience what happened before. Fines and sanctions are like a slap on the wrist to these behemoths, it is merely the cost of doing business for them. If we all banded together, just average every day people and refused to bank with them that would really hit them in the only place they care about (their bottom line)! We have far more power than we think we do. (Evil prevails when good men/women do nothing…Edmund Burke) Note: I added women to that quote. Smack these banks where it hurts and take your power back and take your money elsewhere!
Tags: Bank of America, California, Chase Bank, consumers, Corruption, Dani Heart, economy, energy, Enron, fraud, manipulation, nazi germany, rip off, Wells Fargo