letters and counting!
Does Citi still think America is an Oligarchy? Just wondering...
Dear Sarah, It's your penpal from Denver here. I hope your week is off to a nice start and that you enjoyed the weekend. Mine was pretty good. My fiancee, who you may remember, is a temporary employee with the Postal Service and only gets one day off a week. It gets a little hectic trying to fit in everything that needs to get done when we only have one day home together. Lately, I've been kind of stressed out because the list of medical things I need to take care of is getting pretty long... I need to go to the dentist, the eye doctor, have a cyst removed from my head, get an annual exam, a tetanus shot and at some point my sweet 10 year old canine companion needs to have his choppers cleaned. And I threw my neck out and need a trip to the chiropractor. I don't know if you've ever had the experience of not knowing how the hell you'll afford "routine maintenance", but it kind of sucks. Especially since my insurance won't pay for anything except the annual exam. One of my best friends ended up in intensive care last week because she had a sore tooth she ignored and it turned out to be Ludwig angina, which is a bacterial infection with a 70% mortality rate. Makes those routine precautions seem a bit more important in light of what she went through. Well, Sarah, I don't have much else to say. I do hope that you are reading the letters I and the other 99% are sending you and that you choose to be a force for positive change. I noticed that you are on a board of directors for a vision loss organization, so you aren't a totally stranger to doing things for the "greater good". Best, Your pal in Denver
I am paying 21000 for a 7000 loan so far I have paid 15000 I think that is more than fare. Lets be real here I have a wife and three kids
Dear Brian I am a private, middle-class citizen. I paid $32,000 in income taxes last year. I don't mind, because it's what my country needs. I love the country. How much did Bank of America pay in income tax? $0. That sure is a whole lot of love of country. It's an utter shame that you use the name of our country in your name when you aren't even willing to help it out. Best regards Dan
Dear Guys, I don't mind you earning the sort of money that I couldn't even begin to imagine (or want) but I do mind that your 'money fetishism' is impacting all the good, hard-working (if they can find a job) people around the world, not just the US. Please don't continue up this blind alley because it will end in tears for you in the end if you don't. Sincerely and with love,
...thought they were too big to fail, too. The Roman emperors once looked out over an ever-expanding empire and saw global domination ahead. As a history buff, you might be feeling that you are at the epicenter of an extraordinary moment in time. You are. How do you want to be remembered? As a tool of the greedy? Or as a helpmeet to the needy?
V J link
Not at all, not even slightly. Don't be fooled, look for the signs and you'll see it.
bonuses | 1
they are undeserved. give them back carolyn kostopoulos 10001
John Really? A millionaire's bank? What's their debit fee going to be? Things are so bleak for so many people now. Don't you feel even a little tinge of guilt? John, if we don't take care of each other, what's the point? I genuinely feel bad for you guys sometimes. You think you have it all but the people out in the square and all over the world who are the small have so much more than you will ever know. I hope someday you find out.
Hey! I participated in National Bank Transfer Day by taking my money out of your bank! My new federal credit union is a lot nicer than BOA and a lot more responsible. I am just a kid but because of great parenting and good ol' smarts, i've actually amassed quite a bit of wealth in my short lifetime. wealth that you will no longer be able to use to underwrite risky derivatives! i know that my money is just pennies to you, but it helps me sleep better knowing that i dont fund your ponzy schemes. oh by the way america is PIIIIIISSSSEEEEEEED, have fun dealing with that. -XXOCCEEEEJJJJLLJLJJJLLIIUUIVUVUUUUUUUUUU I II 616
none of your busines
Hi Catherine Bessant (B of A), A few years ago when I lost my job due to the economic downturn caused in part by banks like B of A, the first thing B of A did for me was to completely cut off my line of credit. B of A screwed me twice! I have a fantastic credit rating and had just made a $1000 payment on my credit card, but that made no difference! I immediately switched to a credit union and could not be happier. They gave me a line of credit and I was able to get my car fixed which helped me get a new job. Every thing about a credit union is better than B of A. I tell everyone that will listen and many have switched. Your way of doing business is coming to a close.
My name is Sophia, and I am a Junior in a very intensive public school in Austin, Texas. This school pumps out Ivy-League graduates and has excellent college preparation programs. I cannot work during the year because my school workload is too much, and working only in the summer is not enough to pay for the kind of college education I want and deserve. Therefore, I have to go to a community college for at least the first year to save up enough to get my Arts degree in Boston. I am going to be an art director and live very comfortably, just as I am sure you do. Because the wealth gap in this country is so large it will be very very hard to get out of my current lower-middle class situation and follow my dream. But I will do so in spite of the astounding debt my family is in, in spite of my mother's cancer and medical bills and in spite of the ridiculous student loans that I will probably be paying until I retire. Please consider the next generation in every decision you make regarding the future of your company, which effects the future of us all.
Welfare recipients say their money's being taken by Chase bank by NATASHA RYAN / KING 5 News Posted on November 4, 2011 at 10:11 PM KENMORE, Wash. -- For people struggling to survive in this economy, sometimes welfare is the only help they can get. One woman says Chase Bank is profiting off those people and it's not right. Cat Sullivan, an activist with P.O.W.E.R. (Parents Organizing for Welfare and Economic Rights) is taking on a big bank for people like Mary Williams. Williams is on welfare, she receives $385 a month. Rent is $300, which leaves $85 to live on for an entire month. Mary says she never imagined being in this spot. "Not really, no! I had a good career for ten years, was laid off a couple of years ago." Mary's welfare money is put on an electronic benefits transfer card. The state has a contract with Chase Bank to handle those cards. Every time a welfare recipient uses an EBT card, Chase charges 85 cents. It might not sound like a lot but Sulliavna syas it is a lot for people who have to count every penny. "That's half of a transit fare." The withdrawal fees net Chase $100,000 a month. That's on top of the $800,000 the state pays them. "It's wrong!" says Sullivan. She wants to make sure everyone in Washington knows about the fee. Mary says, "I didn't realize there was a fee. My checkbook wasn't balancing, now they put up an error message, you'll be charged 85 cents." Governor Chris Gregoire's office says, "It is unacceptable for a big bank to profit off the most vulnerable." However, the Department of Social and Health Services argues, the contract "is just the cost of doing business." Chase refused to comment because the state is a client. We do know the bank is in negotiations with the state over this contract but the details aren't being released. http://www.king5.com/news/local/Welfare-recipients-say-their-moneys-being-taken-by-Chase-133285458.html
Hey James! How are you? Well, I hope. My family is doing OK in these rough economic times. I'd like to thank you for your role in that. My wife formerly worked for Wells Fargo and her salary certainly helped us get established. However, your HR policies were ridiculous and we could not have been happier when my wife was able to leave her job with Wells Fargo. She was generously granted 2 months of unpaid (!) time off to give birth to our daughter. Oh wait, that was required by law. Well, I know one thing that wasn't required by law: the fact that we had to write a check to Wells Fargo to reimburse you for time off my wife had to take because my daughter was sick. So you took our tax dollars in the bailout and then took money straight out of our bank account because your employee had the misfortune to have a sick child while working for you. We have moved to a credit union so you no longer have any control over our money. While I sincerely wish you well, but I also sincerely hope that your taxes get raised and anyone in your company, you included, are held accountable for any and all laws that were broken during the mortgage debacle. Have a good day! Russell
I want to take this time to bring you thanks for all that you have to done to bring our economy to the edge of disaster. I want to thank you for allowing yourself to be involved with a company that gambled with everyone's savings, lost, asked to be rescued from tax payers and then, as if that wasn't enough, used tax payer money to award unprecedented bonuses for a job well done. I know it was not easy, but doggone it, you did it. And hey, thanks for working for a company that basically governs the US, through its constant revolving door. I appreciate your role in perverting what should be a democracy. I know not having a conscience is not easy, but as long as your company and it's executives, like yourself, are making more in 1 year than most Americans will see through their whole lives, it is worth it, right? I cannot begin to imagine the difficulties in your life, someone as simple as a social worker cannot be expected to understand what the 1% goes through on a daily basis. I can only speak of what I know of trying to pay off student loans for a master's degree that allows me help people, which I love, but does not pay even a 6 figure salary. But hey, that was my choice to help people, not myself. Not like the sacrifices you make on a daily basis. You are truly heroic and once again, thanks.
Thanks Buddy | 1
I have been a member of you bank for 26 years. SO far you have done nothing for me. In fact you have only screwed me over by charging me stupid fees, and taking my tax money in the form of bailouts. As a thank you, I will be closing my account and you never see the 250,000 dollar my grandparents gave me when they passed away that I was considering moving to Wells Fargo.
Bye-bye | 1
Hello Mr. Rhodes, I am not poor. In fact, I own a sizeable piece of real estate on the border of Tribeca and the Financial District. I have even paid my mortgage off already. I am fiscally very conservative. That is why I have no patience for your company's shenanigans. I have been wanting to leave Citibank for years now. Moving my account from Citi on Nov. 4th is my message to you, and the the U.S. Government (1 year out from the election) along with this message here and now. I am not alone, by the way. Here's hoping you develop a sense of balance, fairness and a conscience. Fair thee well, Heide
I'm your 99% | 1
Something wicked your way comes... - Formal Graphic Designer / Art Director for Chevron and BP, Wolfgang Willis
Hey Gary I'd like to tell you about the disintegration of my family, and our recovery too. At the end of 2008 my husband was laid off. He had been commuting 80 miles a day for 5 years, because he couldn't find a job in the city we lived in. After the layoff, he couldn't find a job anywhere, due to the recession. Well, this humiliated him in front of his family and friends and he didn't know how to deal with it. So, he did the usual-alcohol and drugs. Needless to say, things were bad. I was unemployed as well because we had small children at the time. My husband became a monster, and the kids and I were afraid of him. I remember an evening, the kids and I were walking home from a festival, and because of things he said before hand, I was afraid that he may have killed himself while we were away. My husband's emotional problems are not your fault of course. However the recession was a direct hit to his manliness and sense of self. I blame the recession on you and your colleagues. Did I mention we didn't get any services from the county we lived in? We made too much money to qualify; we were a family of 4 living on $480 a week (state unemployment), that was too much to qualify for financial help for medical help or food stamps. Did I mention that I'm on medication? Prescriptions that cost $250 a month--I didn't take them for a lot of months between 2008-2010, that totally sucked. I wanted a divorce, but I had no way to support myself and the kids, and at least he was getting the $480 a week in unemployment. We both were so fed up with the greed and misuse of power of you and your colleagues and the political sector, that we took a leap of faith that luckily saved us. We sent my husband to New Zealand in August 2010, and guess what? He got a job. The kids and I joined him two months ago. Guess what? I've already gotten a job. Things are tight here too, but the banks, big business, and politicians aren't in bed with each other. My husband is bank in AA again, thank God, he feels good about himself. I don't want to go back to the US. The 2nd day I was here, I went into a bank and among the pamphlets displayed was one entitled "How to Lodge a Complaint to the Bank" (my interpretation of the title) I thought to myself "the bank is giving people instructions on complaints! I tried to complain to BOA once, and was basically told to go f**k myself. I doubt that you'll read this but it felt good to write it.
You should study your French Revolution history. IT'S COMING...
Keep the change | 1
I've worked for a bank and I've seen the disparity within firsthand. Leaving Chase, Capital One, MetLife and B of A and taking my accounts elsewhere may not make as strong of an impact as I'd like, but I'm still young. I may someday be worth a lot more - especially if my business grows. And as I get older, I'll have a larger circle to influence. I won't forget how badly I've been treated by the big banks, nor how unfair it's been that they were bailed out while the customers were continually gouged by fees, increased loan rates, rejections, runarounds, etc. Even the smallest - seemingly inconsequential - customer leaving should make you think. There are so many young people out there who are learning to despise the large, greedy banks. They won't soon forget, either. And every loud voice represents many, many others who are perhaps less inclined to speak out, but will follow or at least become more aware of the games. Because basically, every interaction with a big bank has been, in my experience, an elaborate game of bait and switch, whoops, and gotcha!
Thank you for the years of service, But, I am now going to move my money to a Credit Union until I see an effort by the 1% to help the country that gave them their chance.
Mr. & Mrs.Anthony Zayas
Dear Paco Yberra | 7
Hi Paco, You are my new pen pal! How's it going? I am one of the 99%. What's it like to be one of the 1%? Since we're pen pals now, what do you think about about 46.2 million people living in poverty in the US? Crazy, huh? You must have been so happy about the bailout in 2008. Wow, billions of dollars from us, the 99%. You're so lucky! I was just thinking. Do you think you could spot me a loan, interest-free, like the 99% did for you? BFFs! I had a good idea for you. Why not supply cardboard boxes to all the people whose homes you foreclosed? You could use this as a tax write-off. Win-win! Hey Paco, ever worry about getting laid off without a pension? LOL! Just pulling your leg - that doesn't happen to bankers ;) I know you're busy being head of Global Markets for Citi, but "Citi never sleeps" and I'd love to hear from you. Ttyl,