BANKATLANTIC Ripoff The Power of a Penny in 30 Days-- Are Our Representatives Failing to Support Our Concerns in the Financial RippOff or Are They Unaware How Far a Penny Will Go Ft. Lauderdale Florida

THE POWER OF A PENNY AND 30 DAYS

They say you can change a behavior in 27-30 days. Would you work for $30 a day for 30 days or .01 cent a day doubled for the next 30 days? THE CONCEPT of doubling for the next 30 days is known as GEOMETRIC PROGRESSION. Here is the example

ONE CENT DOUBLED FOR THIRY DAYS $30 FOR THIRTY DAYS
DAYS DAYS DAYS DAYS
1 .01 2 .02 1 $ 30 2 $60
3 .04 4 .08 3 90 4 120
5 .16 6 .32 5 150 6 180
7 .64 8 1.28 7 210 8 240
9 2.56 10 5.12 9 270 10 300
11 10.24 12 20.48 11 330 12 360
13 40.96 14 81.92 13 390 14 420
15 163.84 16 327.68 15 450 16 480
17 655.36 18 1310.72 17 510 18 540
19 2621.44 20 5242.88 19 570 20 600
21 10485.76 22 20971.52 21 630 22 660
23 41943.04 24 83886.08 23 690 24 720
25 167,772.16 26 335,544.32 25 750 26 780
27 671,088.64 28 1,342,177.20 27 810 28 840
29 2,684.354.40 29 870
30 $5,368,708.80 30 $900

BANKS, MORTGAGE COMPANY, AND FINANCIAL INSTITUTIONS ARE STEALING OUR PENNIES TO THE TUNE OF MILLIONS OR BILLIONS OF DOLLARS A DAY.

By showing you what happens over a 30 day period to ONE PENNY, can you imagine what is happening throughout the fifty states by all financial institutions. This does not include international banking. The average individual working in these institutions, and handling our "PENNIES", (OUR BANK ACOUNT, CREDIT CARD PAYMENTS,MORTGAGE PAYMENTS, BILLS)DO NOT even understand basic accounting.

These workers are instructed on how to create overdrafts in our accounts. By cashing the largest item first, by holding our payments or delaying the processing of our checks, by rerouting our payments to varies states and failing to make timely pickup of these payments from their P.O. boxes, by failing to process our checks according to the stamped postal date, they have created a whole new industry for making money at our expense.

They have also made the Federal Government (U. S. Postal Service) partly responsible by accusing them of failing to deliver our payments in a timely manner, thereby, creating late payments and the assessment of additional late fees.

I want to thank the Florida State Senator and State Representative for directing my attention to Ms. Amia Estes, Consumer Affairs Analyst, Office of Thrift Supervision, Department of the Treasury, 1475 Peachtree Street, N.E. Atlanta, GA 30309 where I have filed a formal complaint against BankAtlantic for its failure to properly disclose information on my account (a violation of Truth In Lending Act) and for overcharging on insurance and taxes by 27% on my mortgage payments.

Every complaint registered is a strike against that financial instution and cause for a state or federal investigation. Every letter to your representative should cause them to take steps to correct this injustice.

Ms. Estes may only represent the Southern Region. I am asking you to write to your STATE REPRESENTATIVE AND STATE SENATOR and express your concerns for the unfair treatment you are receiving from your financial institution. The POWER OF ONE over a 30-day period is geometric. That is 5,368,709 people in 30 Days.

If you tell one person to write in support of your concern and have them tell one person to write, maybe we can reach those individuals that represent us in Congress to make a chnage in the way the American people--especially the poor, women, blue collar workers and individuals living paycheck to paycheck--are being RIPPED OFF BY THE FINANCIAL INDUSTRY.

Copy this letter and mail it if you do not wish to write your own letter. Anything we can do to bring this matter to the attention of Congress is a step in the right direction. The POWER OF ONE DOUBLED EVERYDAY IS A MESSAGE THAT CANNOT BE IGNORED.

ELAINE
LONGWOOD, Florida
U.S.A.