Stupid Bank Tricks

There I was, sitting at the kitchen table, sifting through the goodies left by the mailman earlier that day, when I happened upon the following solicitation from Chase:

Take a look at the box highlighting how much the monthly payment is on a $10,000 loan with a stated APR of 5.74%. If I could make loans like that, I'd bail out Bear Stearns myself. Is there no one working at that bank who could figure out that the $10k should have been $50k?

Or are they all doing market research leading them to the conclusion that co-branding with US Airways is the best way to improve their business model?

Usurious loans needed

There's your proof that Chase is in trouble.

I thought they had economists on a 'don't send' list.

Chase won't have to do this anymore

As of today they can go to the Fed to cover their bad credit card and auto loan debt

Apparently things are worse than we thought.

http://www.marketwatch.com/news/story/fed-expands-auction-accepts-wider/...

address

you might want to black out the address better as it is still legible.

More Stupid Bank Tricks,

SunTrust Bank hires an off-shore call center to do collections on past due car loans. Except some of the calls go to customers (like myself) who are never late. The caller asks for the customers social security number in a heavy foreign accent. Everybody with half a brain hangs up. I call the bank fraud unit and they promise a full investigation. After the second call I check the caller ID. It's a Suntrust number. How can they be so stupid?

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