Calling on Chase for Principal Reduction
Friday ESOP continued its direct action against JPMorgan Chase focusing on the need for principal reduction. This was our fourth principal reduction action since December 2011.
The action was led by northeast Ohio homeowners Tony McNary, Bruce Allen, Pastor Sneil, and Marvetta Rutherford. More than 100 people took a stand at a downtown Cleveland branch of Chase Bank, delivering a letter and asking for a phone call to speak with Chase CEO Jamie Dimon. The branch manager took our letter and even called Dimon’s office.
The real news came when Tony McNary called Chase and spoke directly to a man who identified himself as Jamie Dimon. This is the first time an ESOP homeowner was able to talk directly to a Bank CEO during an action.
Dimon’s office has until Friday to call ESOP and schedule a time to meet with us. Look forward to more information next week!