Thread regarding Bank of New York Mellon Corp. layoffs

The Committee For Better Banks

Maybe BNY Mellon employees could benefit from being involved with an organization such as this. The communication workers of America is one our nations greatest and most accomplished/respected labor unions. The CWA has championed bringing diversity and fairness into the workplace, and is committed to bettering the lives of workers and their families across this great nation.

The Committee for Better Banks is a coalition of bank workers, community and consumer advocacy groups, and labor organizations. Organizations involved include: Make the Road New York, New York Communities for Change, Minnesotans for Fair Economy, Missourians Organizing for Reform and Empowerment, Jobs with Justice and local affiliates, the Communications Workers of America union and UNI Global Union.

We aren’t against banks– we are working to make them better. Banks hold our pensions and we trust our savings to them. They play an important role in our economy. But right now banks are promoting a business model that is bad for workers and bad for customers. It doesn’t need to be that way. We know the industry can change for the better if we push it in the right direction.

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| 1201 views | | 5 replies (last March 3, 2020) | Reply
Post ID: @OP+13K0XXGd

5 replies (most recent on top)

Pretty clear to me 2gec+13K0XXGd. Seems to be pointing out the horrors and inefficiencies of U.S. style soft socialism. If you’ve ever gone through the line 3 times at the DMV, met with your child’s teacher and realized that had 8th grade conversational skills, tried to anything at the Post Office related to special mail handling or waited patiently for a half hour at your local municipality while workers gabbed and pretended not to see you waiting patiently then you know just what it is.

You never see anything approaching this in the private sector and adding it to banking.... well you can all google Maxine Waters Bank theft for a light introduction to it.

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Post ID: @3tqx+13K0XXGd

Can someone explain what these last 2 responses @2oap and @1pjy are trying to say? I have no clue. I agree with @1mmh on bad Fed policy.

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Post ID: @2gec+13K0XXGd

I read the claptrap at the web site, which includes the complete revisionist historical account of 2008 which was caused by Federal government policies in the 1990s. Typical communist claptrap.... take a hike

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Post ID: @2oap+13K0XXGd

It's an idea, go get a city job. Let's not lower the quality control at the bank than it is... That's why it has a reputation. Let go all of the DMV post office mentality, downsize and pay more money to attract actual talent and professionalism.

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Post ID: @1pjy+13K0XXGd

You want to save pensions (whether public or private) ... advocate an end to ridiculous FOMC, QE and Repo by the Fed that have artificially kept fixed income rates low the past 10 years. Most pension plans are 'starving' because of this.

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Post ID: @1mmh+13K0XXGd

https://www.betterbanks.org/better-banks-0/about-us-0

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Post ID: @glk+13K0XXGd

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