Tag Archives: rate

Dawn Smith, Brain Tumor Victim: How Her Story Became Rallying Cry For Health Care Reform Supporters

Posted by HershelWallingtonIV

Dawn Smith

Dawn Smith

Four years ago, Dawn was diagnosed with a rare, but treatable brain tumor. CIGNA denied her treatment for more than two years, but now that the spotlight’s on them, they’re changing their tune.

Unfortunately, they didn’t offer any explanation for all the previous denials or a guarantee that they’ll approve the next step in Dawn’s treatment. Can you sign this statement of support to shine a light on Big Insurance’s abusive tactics, get Dawn the care she needs and make sure they don’t do this to anyone again?—MoveOn.org

Read more about how Dawn and MoveOn.org forced CIGNA to do the right thing at Huffington Post

Stand with Dawn and MoveOn, you can make sure this doesn’t happen to anyone else.

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Filed under Democrats, Medicine, Money, MoveOn.org, Politics, Uncategorized

Victory! “Debtor’s Revolt” – Ann Minch Triumphs In Credit Card Fight Via Youtube

Ann Minch

Ann Minch

HuffingtonPost/Arthur Delaney—Two weeks ago, Ann Minch of Red Bluff, Calif. announced in a YouTube video that she’d launched a one-woman “Debtors’ Revolt” and would refuse to pay off her credit card balance after an unfair interest-rate hike. Now, after her video made a huge splash, Bank of America has agreed to reduce her rate.

Minch said in a video posted Saturday that a Bank of America executive contacted her on Friday.

“He asked me to talk a little about my personal financial situation so we can negotiate some kind of agreement in regard to my existing credit card account,” she said. The executive “tried to get me to agree to 16.99 percent and I said, ‘No, nope, I believe because you guys are getting your money from the Fed at zero percent interest… that 12.99 percent is a more than generous profit margin for you guys.’ So he did finally agree to that and he also agreed to send me that in writing.”

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Watch Ms. Minch talk about her victory…

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Filed under Bailout, Banking, Capitalism, Economy, Money, Uncategorized

Tavis Smiley Named In Racial Wells Fargo Loan Scheme

Posted by Audiegrl

Tavis Smiley @ State Of The Black Union.  Check out the logos behind Tavis.

Tavis Smiley @ State Of The Black Union. Check out the logos behind Tavis.

The Root/The Buzz—Uh oh.

A suit filed by the attorney general of Illinois claims Tavis Smiley and others were used to okey doke folks into high-risk Wells Fargo loans. From the Washington Independent:

As the housing market began booming in mid-2000, Wells Fargo & Co. teamed up with prominent African American commentator and PBS talk show host Tavis Smiley and financial author Kelvin Boston, the host of “Moneywise,” a multicultural financial affairs show, to host something called “Wealth Building” seminars in black neighborhoods.

Smiley was the keynote speaker, and the big draw, according to Boston and Keith Corbett, executive vice president of the Center for Responsible Lending, who attended two of the seminars. Smiley would charge up the audience — and rattle the Wells Fargo executives in attendance — by launching into a story about how he hated banks, and how they used to refuse to lend him money for his real estate projects in Compton, Calif., and elsewhere. After Hurricane Katrina, Smiley also emphasized the importance of building assets and wealth, saying those who had done so were able to leave New Orleans, while people with nothing had to stay behind, Boston said.

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You can also read a piece @ Jack and Jill Politics by The Christian Progressive Liberal entitled The “Outing” of Tavis Smiley

***Update: Prominent author, commentator and PBS talk show host Tavis Smiley has announced that he’s cutting all business ties to Wells Fargo & Co. The move comes in the wake of a TWI story last week about Wells Fargo “Wealth Building” seminars held in black neighborhoods starting in 2005, headlined by Smiley, which a recent lawsuit filed by the Illinois attorney general charged were nothing more than sales pitches for high-rate subprime loans.

Richard Prince reported Friday in his “Journal-isms” column that Smiley said he would sever all ties with Wells Fargo until charges that the company steered minorities into higher-rate loans are resolved.

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Filed under Banking, Capitalism, Media and Entertainment, Money, Mortgages, News, Uncategorized