It's no secret that the relationship between banks and their customers have never been more tense. The banks get multibillion dollar bailouts to remain solvent after criminally reckless investing. The bailouts are to keep the banks lending to consumers, and then the banks hold on to the money and do nothing of the sort.
Congress finally acts on policies to limit the BILLION dollar industry of Overdraft protection fees, and the banks figure out new ways to extort fees from their ever poor customers.
When an industry acts in such an unchecked matter a certain amount of populist rage is to be expected. And in the era of twitter and facebook, the little people can give voice to that rage in ever express ways. And that is why indie musician Sean Michael Carey of the band Vitamin Party has staged a one person war again the CEO of financial titan JP MorganChase.
A one person campaign to kick Jamie Dimon, the CEO of JP MorganChase, in the balls.
The facebook group appeared with the simple message from Carey, a new father:
This guy owes me $142 dollars, if you see him today punch him in the balls and say "Sean Michael Carey sends his regards, f**ker."
How did this come to be?
"There was a mix-up with my direct deposit," he says. "I'd checked the wrong box when I signed up, and it was going into my savings, not into my checking." Two of the checks bounced. "It was my fault," Sean admitted. "So I paid the fees and all that. I moved the money over to my checking account, and I deposited a new check into the Chase account." Chase put a hold on the new check, which Carey said he found reasonable, given the ones he'd bounced. "Then they sent me a letter saying, any overdrafts that are going to occur, we'll reimburse you. But then they didn't. They paid the bills, but they charged me overdraft fees on all of them." Plus, the check seemed to be taking forever to clear, even though the money was gone from his other account. Eventually, he went into the branch and deposited the last $132 in cash, to cover the last of his bills, so he wouldn't get an overdraft fee. It was only after that, Carey said, that he was informed the bank had actually frozen his account and was investigating him for check fraud. "I get a letter that says if it comes back that I haven't committed fraud, they would mail me a check in ten to fifteen days." Carey was pissed: JPMorgan had hijacked all of his cash, and he had no recourse. "I've spent, in the last week, about nine hours on hold with customer service," he said. "It's so not like that when you're an employee. You get right through." Frustrated, he turned to Facebook: "I wanted to punch someone. Not one of the customer-service people, it was like, I wanted Chase Manhattan personified. When I got home, I thought: The CEO, that's who I want to punch,"
Whether or not Carey will ever see satisfaction from his lost $142, or a testicular assault on the head of the financial institution remains to be seen.
But the reactions thus far have been very amusing:
Still no word from JPMorganChase OR Mr. Dimon.