Jon Corzine stole more than $1 billion. And he’s allowed to start a new hedge fund.
Bankers in jail? Ha. Man with a cardboard dime? Outta here!
DES MOINES, Iowa — Wells Fargo Home Mortgage has fired a Des Moines worker over a 1963 incident at a Laundromat involving a fake dime in the wake of new employment guidelines.
Richard Eggers, 68, was fired in July from his job as a customer service representative for putting a cardboard cutout of a dime in a washing machine nearly 50 years ago in Carlisle, the Des Moines Register reported Monday.
Warren County court records show Eggers was convicted of operating a coin-changing machine by false means. Eggers called it a “stupid stunt,” but questions his firing.
Big banks have been firing low-level employees like Eggers since new federal banking employment guidelines were enacted in May 2011 and new mortgage employment guidelines took hold in February, the newspaper said. The tougher standards are meant to clear out executives and mid-level bank employees guilty of transactional crimes — such as identity theft and money laundering — but are being applied across the board because of possible fines for noncompliance.
The productivity rate increased 2.2% in the 2nd quarter. Meaning that the Capitalists got bigger profits by employing fewer people. (Damn those machines.) Or by forcing the people already on their payrolls to work harder and longer for lower wages and fewer benefits. That’s why the creation of ‘new’ jobs is so anemic. Everybody should invite their favorite Capitalist over for dinner and lock them in the basement. Forever. Just kidding.
Now that would increase productivity!