General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsU.S. Bank employee uses her own time and money to help customer in need, gets fired.
Her manager was also fired for approving her generosity.
https://www.nytimes.com/2020/02/01/opinion/sunday/us-bank-fired-employee.html
To understand how some companies have lost their souls, consider what happened after U.S. Bank stiffed a customer before Christmas.
Marc Eugenio had deposited a $1,080 paycheck into his account at U.S. Bank. The bank put a hold on most of the sum, and he spent many hours in a branch office over two days, trying to get access to the money so he could buy presents for his 9-year-old daughter and 13-year-old son.
On Christmas Eve, Eugenio found himself parked at a gas station in Clackamas, Ore., a Portland suburb, both his fuel gauge and his bank balance on empty. A bank employee had told him that money would soon show up in his account perhaps a ruse to get him out of the branch office. For hours Eugenio then tried his debit card at the gas pump, so he could buy a few gallons and get home to his wife and children.
I was stranded, he told me. I could have walked home, but it would have been five miles in the cold.
jimfields33
(15,933 posts)I dont understand why they couldnt tru to get him a line of credit for 100 bucks. That seems like the prudent thing to do.
Takket
(21,619 posts)i thought it would turn out she circumvented the check clearing process to give him his money early and maybe that was why she was fired. but she didn't even do that, she gave him her own money!
Hav
(5,969 posts)"Cecere, who was paid $14.1 million in 2018, presides over a company that has smeared a much-decorated employee who helped a customer and as a result survives by selling blood plasma."
Stuart G
(38,439 posts)...After terrible publicity, then the CEO changes his tune. "I will correct this he says.." only after the word of what happened gets out. No one tried to correct this after right after this happened. Deep down, we all know that this is who this particular bank is, was, and will always be. If the bank had an essence of caring, then this story would not have happened at all. Please read the full story at the link. It defines this company.
lpbk2713
(42,766 posts)Bankstas make me want to
Beakybird
(3,333 posts)I'm sure he was aware of the story in the media, but when it started really trending, he felt "contrition." In other words, he made a calculated decision based on the two things that would concern a sociopath banker - power and money.
Wellstone ruled
(34,661 posts)exist today if it was not for Taxpayer dollars after the Savings and Loan disaster. The Grunhofer Brothers worked the Federal Reserve System in the Midwest to pull off what is known as US Bank Corp.
Elwood P Dowd
(11,443 posts)Trump is pushing the accelerator worse than Harding, Coolidge and Hoover combined back when the repukes drove the country into the Great Depression with their policies from 1921 to 1933. Took a decade and World War II just to bring back a decent economy.
Lord Wilmore
(29 posts)If it is not making money for the merchant class the bank barons of the world tend to not like it.
Tweedy
(628 posts)The words of Adam Smith are not easily squashed into sound bytes. We are left with "the invisible hand" which does not mean what most say it does.
What we are experiencing today coming out of our White House and the GOP has very little relationship to Adam Smith's notions of capitalism.
Under this president, we socialize the risk for the already wealthy and well connected, while letting the little guy fight over the scraps. So, the wealthiest farmers get subsidies while the family farmer fights for pittance.
https://www.google.com/amp/s/mobile.reuters.com/article/amp/idUSKCN1UP28K
This president and his party enablers use steel tarrifs to help this president's donor. This one is one tape -- you can listen to them selling our system.
https://www.google.com/amp/s/www.nytimes.com/2020/01/26/us/politics/trump-recording-donors.amp.html
This president, and his party enablers, prioritize his cronies so that high dollar donors receive more of his kleptocratic largess than lower dollar cronies even when it hurts all of our health.
So, ethanol is subverted to the oil industry despite the law.
https://www.google.com/amp/s/mobile.reuters.com/article/amp/idUSKBN1W91S6
This grift based system is much closer to Putin's theft of Russian work and effort than it is to capitalism.
Capitalism has its problems, no doubt.
Nevertheless, our problem now is corruption trickling down from the top and submerging the rest of us.
This president and all of his big dollar donors want a kleptocracy, where they (& they alone) are entitled to skim as much of our GDP off the top as they can.
There is nothing free, much less fair about such a rigged marketplace. It is much more akin to feudalism where might (& fear) make right.
In this country, "right matters*", which is why united we will kick these parasites to the curb.
* Lt. Colonel Alexander Vindman
MarcA
(2,195 posts)like Emily and her Supervisor?
SunSeeker
(51,662 posts)This despite the fact that she had more than enough money to meet the deposit minimum.
US Bank is scum.
paleotn
(17,946 posts)Liberal In Texas
(13,570 posts)I have been using a credit union for decades, but my late mother had US Bank accounts. Woe be the customer that doesn't do everything to conform to their rules.
After closing out the accounts when taking care of her estate business, I will never set foot into a US Bank facility again.