Elizabeth Warren educates Chase on its own $25 billion payout after bank posts tone-deaf tweet chastising Americans for not being smart with money
On Monday, someone in Chase Banking’s social media department decided to send out a Monday morning Tweet (that has since been deleted) chastising American consumers for not being smart with their money. This was a surreal thing for the company to say out loud, considering it was given tens of billions of dollars in taxpayer bailout money back in 2009. Sen. Elizabeth Warren made sure to give this special piece of hypocrisy the signal boost is deserved.
.@Chase: why aren’t customers saving money? Taxpayers: we lost our jobs/homes/savings but gave you a $25b bailout W… https://t.co/wyRlXaFev8— Elizabeth Warren (@Elizabeth Warren)1556568089.0
JP Morgan Chase very quickly deleted the tweet, replacing it later on with this anemic promise.
Our #MondayMotivation is to get better at #MondayMotivation tweets. Thanks for the feedback Twitter world.— Chase (@Chase)1556564053.0
This is the second time in as many weeks that JP Morgan Chase has made headlines for its tone deaf greed. A couple of weeks ago, JP Morgan Chase CEO Jamie Dimon embarrassed himself when he could not sufficiently answer Democratic Rep. Katie Porter’s questions concerning the meager wages his company pays entry-level employees.