GRITtv with Laura Flanders

GRITtv: Bank of America's Guerrilla Collection Tactics

Jul 22, 2009 Episode Archive
About this series: Laura Flanders talks to creative thinkers and change-makers from the worlds of politics, arts and the new economy. The smartest conversations, with the smartest thinkers and doers of our time, distributed in multiple formats on a variety of platforms. Keep abreast of fresh content by following GRITtv, the site Flanders founded, on Twitter @GRITtv.
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About this episode
Former Bank of America employee Chris Feener says that little has changed at BoA since the company received billions of dollars in tax-payer money. ...
Former Bank of America employee Chris Feener says that little has changed at BoA since the company received billions of dollars in tax-payer money. The company continues to use what Feener calls guerrilla collection tactics and compensates its employees based on the amount of debt they collect. Feener, who hadn't received a raise in several years, says that bonuses of five to $6,000 dollars were often awarded on a monthly basis. Despite promises that in exchange for taxpayer money, banks and financial institutions would be regulated little progress has been made. Feener, the SEIU?s Stephen Lerner, and Max Fraad Wolff, a professor of economics at the New School University's Graduate Program in International Affairs on BoA's unsavory practices and why so little has changed. Less
21:13 News & Politics
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