I worked for Washington Mutual during the housing crisis, and when we folded we were bought out by Chase Bank, lead by Jaime Dimon. While he got a government bailout, we lost our monthly bonuses, thousands of workers were laid off and the remainder had mandatory overtime to pick up the slack, and when that wasn't profitable enough for Mr. Dimon, call centers were closed in the US and opened in India. We lowly workers never felt any relief from the bailout. I still feel disgusted when I see that man's name.
Edit: I didn't expect my perspective to get so much hate from the financial fanbois, so let me clarify a few things:
This is exactly how we felt when Chase took over. So, SO grateful to have our jobs, Chase is our savior, we would be fucked without them. Chase told us nothing would change, we were safe.
A lot of people called me out about the monthly bonuses. A lot of workers relied on them as part of their salary because it had been a regular thing for years. Chase continued that, but gradually made it only possible for management to achieve them, which was a slap in the face. Not the worst, but yes, I'll still gripe about it because it sucked.
And lastly, Chase lied to us. Our savior didn't save us. They took the bailout, made a big show of paying it back, moved their call centers outside the US, and laid off thousands of people. To me, he could've used that bailout money to keep jobs in our country safe, which would've done a lot to stimulate our economy during that time. He also gave himself a big fat bonus that year, while waving goodbye to his workers. So unless you worked there and we're affected by Jamie Dimon's decisions, please don't preach to me about how he helped the economy.
Lallipoplady on January 23rd, 2020 at 03:19 UTC »
How quickly everyone forgot about the bailout.
xerxerxex on January 23rd, 2020 at 03:46 UTC »
I still can't believe they bailed the bankers out and basically told citizens to fuck off.
casanochick on January 23rd, 2020 at 04:04 UTC »
I worked for Washington Mutual during the housing crisis, and when we folded we were bought out by Chase Bank, lead by Jaime Dimon. While he got a government bailout, we lost our monthly bonuses, thousands of workers were laid off and the remainder had mandatory overtime to pick up the slack, and when that wasn't profitable enough for Mr. Dimon, call centers were closed in the US and opened in India. We lowly workers never felt any relief from the bailout. I still feel disgusted when I see that man's name.
Edit: I didn't expect my perspective to get so much hate from the financial fanbois, so let me clarify a few things:
This is exactly how we felt when Chase took over. So, SO grateful to have our jobs, Chase is our savior, we would be fucked without them. Chase told us nothing would change, we were safe.
A lot of people called me out about the monthly bonuses. A lot of workers relied on them as part of their salary because it had been a regular thing for years. Chase continued that, but gradually made it only possible for management to achieve them, which was a slap in the face. Not the worst, but yes, I'll still gripe about it because it sucked.
And lastly, Chase lied to us. Our savior didn't save us. They took the bailout, made a big show of paying it back, moved their call centers outside the US, and laid off thousands of people. To me, he could've used that bailout money to keep jobs in our country safe, which would've done a lot to stimulate our economy during that time. He also gave himself a big fat bonus that year, while waving goodbye to his workers. So unless you worked there and we're affected by Jamie Dimon's decisions, please don't preach to me about how he helped the economy.