JPMorgan Chase offers $400,000 to laid-off workers
A measly attempt was made by JPMorgan Chase yesterday to win back support from main street.
In a nut shell…
They offered $400,000 to help pay severance to laid-off workers occupying a Chicago factory whose protest has come to symbolize resentment over the federal bailout of big banks while workers suffer. Although this offer is better than nothing it is still far less than what should be called for. To a lot of people this seemingly heart felt donation was simply a half-baked publicity stunt in an attempt to rebuild a once reputable name. Let’s not forget who really funded this $400,000 anyway -you and me! JP Morgan Chase received $25 billion from tax payers in the bail-out earlier this year and so far 0.0000016% of that total has gone to displaced workers.
December 12th, 2008 at 10:34 am
the bail out should be aimed at the people struggling with mortgages not the banks that made their loans.