Hey Jamie Dimon Where’s My Birthday Money or Why I hate my bank

You know the Superman movie with August “Gus” Gorman (Richard Pryor), an unemployed ne’er-do-well, discovers a knack for computer programming. He embezzled millions from his employer’s payroll just by taking the rounding amounts. Half a penny doesn’t seem like much until you take half a penny from a million people. Chase is taking days of deposits from millions of people.

Not long ago, my son gave me money for my birthday. Economics being what they are, I deposited his check at Chase and walked next door to the Safeway to use my birthday money for food. I checked out using my Chase debit card. By the time I got home the debit had cleared and bounced. I had $34 in overdraft fees. When I called I was given the standard answer that they process the payments immediately but need at least three days to verify the deposits. The problem is that my son banks with Chase! The check was written on the account with the money he was saving to buy a house, $40,000. So I asked, where is my birthday money? If I don’t have it – does my son have it? “No” they told me, “payments are processed immediately.” Then Chase has my birthday money! Will Chase be paying interest on my birthday money?

How many birthday money checks is Chase holding? How long will we let them steal from poor?

This out today – Chase bank sells off soldier’s home on the very same day he returns from Iraq; the day before, CEO Jamie Dimon bragged to employees at a barbecue in Vancouver that his company was helping veterans keep their homes

While Mr. Dimon is making the rounds looking like the Wall Street Messiah – we might remember that it’s OUR MONEY he’s spending. It’s real easy to be optimist if you haven’t missed a meal or even a manny petty.