CHASE - Updates - LIVE from Columbus

Dimon ends with: "Thanks for coming......meeting adjourned" 
More from Inside the Chase Meeting: scroll to the bottom of this post

Columbus Dispatch Headline: Chase Meeting..Draws Protesters
Shareholders trying to get into JPMorgan Chase & Co.'s annual meeting in Columbus this morning were greeted by heavy security ....outside every entrance.....               

HEAVY SECURITY ALERT: Riot Police on Horses...Stand Ready
The article goes on to say.....
Police had every entrance blocked, as hundreds of protesters gathered in the rain and cold chanted slogans such as "Make Banks Pay" and carried signs that said: "Chase gets rich, we lose homes, jobs, services." At least 20 police cruisers circled the building. (Why? ...at a public shareholder meeting!)

      UPDATE: ABC NEWS 6onyourside is showing "Hundreds of protestors"

                                      "Can you hear us now"

                     JP MORGAN CHASE - CEO - JAMIE DIMON

These are real American homeowners and taxpayers that sacrificed by making the long trip. They want to be heard ! JPMorgan Chase & Jamie Dimon
                                       ARE YOU LISTENING????

ABC NEWS 6onyourside is showing this as NEWS....Click HERE

               Early Pictures from the   "Showdown at Chase"

                              

 SEE MANY MORE PICS FROM FLICKER SLIDE SHOW .....HERECHASE MOAT BREACHED at 9am by "Robin Hood"

As many know, the Chase headquarters are a walled in complex, surrounded by a real moat. An internal memo showed Chase was going to try to limit access to the headquarters...but they never expected ROBIN HOOD to arrive.  Robin Hood and his Merry Men were able to cross the Dangerous Moat and head towards the CHASE Financial Castle (YouTube) on their ingeniusly constructed - make-shift bridge.

Suddenly....they're driven back across the Chase Moat by Riot Police....and dogs !

Sadly Robin Hood is Captured!!! (Arrested)

Huffington Post: Police Mace JP Morgan Chase Protesters

See all of today's events and  photos at National People's Action (NPA) on flickr 

AP Photo/JayLaPrete

JAMIE DIMON: (only spoke for 8 minutes)...OPENED his statement to JP MORGAN Shareholders by... BRAGGING ..."In 2010 JP Morgan made $17 Billion  DOLLARS"...and we could have made $22 Billion to $24 Billion

Richard Davat:  1st shareholder to speak (10:16am) opened with comments about FRAUD in FORECLOSURE, he claims Chase employees and corporate management refuse to work with him and other homeowners. Quoting: "In Ohio CHASE commits FRAUD upon the courts by using FRAUDulent documents" Then while attempting to quote some OHIO LAW.....A Chase monitor interrupted Richard and stated: "We must cut you off"..  The Chase monitor stated "there are rules of order and you've gone OVER 3 minutes" and "get to your point" ..at 10:21...Chase CUT OFF HIS MIKE !!!

New York contingent: Told CEO and Board Members: "You have violated public trust" and "the bank is involved in Robo-Signing"

Melowise Cooper: (former Cincinnati OH Homeowner)....in near tears...explaining that Chase took her home through foreclosure and then abandoned it..."you just walked away, from a home, my family owned for years"

Illinois Homeowner(Ms. Howell): "I've brought my paperwork --please help me"...she left the podium to loud applause!!!

Kevin Stein: (California Reinvestment Coalition ): states it was hard to get in building as police questioned their Proxy statements...and that Chase has foreclosed on more homes in CA. than any other State!!! "The fact is..Chase is NOT doing enough to help people."

Dawn Dannenbring: (Illinois People’s Action)..“you shouldn’t take advantage of people when they’re down....Mr Dimon....Do you believe in God?

Baldemar Velasquez, FLOC President, and Beatriz Maya, FLOC Secretary-Treasurer, spoke on behalf of Farm Labor Organizing Committee and distain for Chase's massive support (with $500 million) to Reynolds America

THERE IS NO HIGHER RELIGION THEN HUMAN SERVICE. TO WORK FOR A COMMON GOOD....... IS THE GREATEST CREED......"WOODROW WILSON"

The Showdown in Ohio was organized by National People’s Action and the Ohio Organizing Collaborative, and is part of the New Bottom Line Campaign.
follow on twitter: @NBLcampaign, @streetactionNPA

Update - Showdown in OHIO - Update

                JP MORGAN CHASE & CO 
Clergy, Homeowners, Workers travel to Columbus for 
                        - Showdown in Ohio -
When:  Tuesday May 17^th - 2011

Where: Columbus, OHIO – Corporate Headquarters
 1111 Polaris Parkway, Columbus, OHIO (Google Map Link)

Time:  10:30AM - until..... JP Morgan CHASE "listens to Americans"

Event:   Shareholder Meeting
Who’s invited: Public Shareholders of  JP Morgan Chase (JPM)

Why OHIO?

OHIO is ground zero and proof positive of the success in which JP Morgan Chase has had with Foreclosure as a Business Model. The cost of JP Morgan Chase foreclosures to the State of Ohio taxpayers is estimated at $5.4 billion.
Ohio is one of the states hardest hit by the epidemic of foreclosure and joblessness caused by Wall Street.  It is a state where unions have been under attack, and where hard-won labor rights that built the middle class have been stripped away from teachers and public sector workers.  Big banks like JP Morgan Chase are destroying neighborhoods across the state with record foreclosures.  More than 280,000 homes are expected to go into foreclosure in Ohio by the end of next year, putting even more families out on the streets and depleting the tax base further. JP Morgan Chase had rejected 354,822 families from the Obama Administration’s Home Affordable Modification Program (HAMP) almost as many as Bank of America and Wells Fargo combined. 

Mahoning Valley Organizing Collaborative spokeswomen Sybil West:
    "[They've]...had a devastating effect on Ohio and America’s economy, and they need to start being part of the solution. Chase needs to modify mortgages to keep people in their homes and needs to start lending to small businesses to create jobs and rebuild the economy.”

Since the financial industry bailout, Chase reduced small business lending in Ohio 75%, resulting in increased unemployment and a diminished tax base.  Protesters will draw the connection between Wall Street abuses and Ohio’s revenue crisis. This action comes as the Attorneys General and the big banks are negotiating whether the banks will be required to offer principal reductions to homeowners - the single most important tool that would help resolve the foreclosure crisis. The protest in front of JP Morgan Chase shows, homeowners around the country will not accept a settlement agreement that does not include principal reductions or lets the banks off the hook!

A new report by National People’s Action shows that nearly 1 out of every 20 housing units in Cleveland, Cincinnati, and Columbus have been lost in foreclosure and have become bank-owned property during the last 3 years.

According to SEIU, JP Morgan made $125 million in savings and checking fees in Ohio in 2010 with $.33 per $1 going to compensation and bonuses. That means JP Morgan Chase took $41 million out of Ohioans’ bank accounts in 2010 and gave it directly to fund big bonuses.

Attendees:  1,000 clergy, homeowners, unions, and members of National People’s Action and Ohio Organizing Collaborative. Speakers include the SEIU President Mary Kay Henry. 

Ohio Governor: Newly elected Ohio Gov. Kasich has long relied upon Wall Street to fund his political career.  Between 1990 and 2000, when Gov. Kasich served in the U.S. House, he raised $320,646 from the securities & investment industry, and 3 of his top 5 corporate patrons were banks! Among them Bank One – a company he used to lobby for -- which gave him a total of $47,500 (now owned by JP Morgan Chase) JP Morgan also contributed $10,000 to Kasich’s inaugural [governor] committee.

Why JP Morgan Chase: Despite being bailed out with public tax dollars after almost destroying the global economy with their recklessness, JP Morgan Chase and its CEO Jamie Dimon are back to making record profits by any means necessary.  In Ohio, JP Morgan Chase is gouging state and local governments with toxic interest rate swaps that siphon tens of millions of public dollars from Ohio to Wall Street, cheat counties out of mortgage recording fees, destroy communities through foreclosures, ship jobs out of Ohio, cut off lending to small businesses, and charge Ohioans millions in fees.  Instead of lending to small business to create jobs and keeping families in their homes, JP Morgan Chase is blaming the middle class for the sins of Wall Street.
As of June 2010, JP Morgan Chase had $19.5 billion worth of foreclosed homes on its books—more than any other bank in the country.  Another $54.5 billion of mortgages that the bank services for other lenders were also in foreclosure.  Despite large incentives from taxpayers, as of January 2011.

Visuals:  10’ puppets, huge banners and signs

Read BOTH of the below linked stories, and then ask yourself..
Can I really sit back ...and continue....to do nothing!
Stories are well written and courtesy of Martin Andelman blog "Mandelman Matters"

INSIDE CHASE and the perfect foreclosure:

"JPMorgan CHASE is in the foreclosure business, not the modification business’."  That, according to Jerad Bausch, who until quite recently was an employee of CHASE’s mortgage servicing division working in the foreclosure department.....Bonuses were based .......on how quickly you were able to foreclosure on someone,” Jerad says. ... It was all about being able to show that foreclosures were being processed as efficiently as possible.”

HOMEOWNER suffers horrific injustice at the hands of JP MORGAN CHASE

As a warning… this story is not for the squeamish.  If you’re pregnant, or have heart disease, or just want to go on pretending that your country is still a place of which you’re proud… it’s better that you click off now… because this one is NOT going to make you laugh.....by M. Andelman 

P.S. Hey bloggers… Facebookers….. please help me get the word out on this… post, re post, tweet, re-tweet.  We can’t save everybody, so let’s save one at a time. I’m hoping Chase sees this and stops the eviction… otherwise this couple could be fighting this from a homeless shelter.  

Showdown In America - Chicago 5-12-2011

Showdown In America - Chicago 5-12-2011