Key member of the Wall Street mafia urges depositors to be fiscally responsible!

globinfo freexchange

Forget about the 'lightness' of the following argument urging depositors to save money. Not only shows that the banking cabal is completely detached from the real world and the huge problems that the middle-class is facing. It shows that the financial elite doesn't understand that the typical, empty narratives of the neoliberal orthodoxy are now obsolete and ineffective.

Jeff Beer's description is impressive:

Make coffee at home, bring your lunch to work, walk instead of taking a cab. Three of the most common, boilerplate, how-to-live-on-a-shoestring-budget recommendations that any number of financial life lesson articles have spewed over the past 25 years. Your standard-issue finger-wagging tips, typically aimed at recent college grads, sprinkled with a hearty dose of welcome-to-the-real-world condescension. It’s also the type of thing you’d actually expect to find in a bank pamphlet titled something catchy like Financial Advice for Young People. So it comes as no surprise that yesterday, after a day of messages around landing that first job and life after graduation, Chase Bank’s Twitter account tweeted a How Do You Do, Fellow Kids version of this very sentiment: “You: why is my balance so low Bank account: make coffee at home Bank account: eat the food that’s already in the fridge Bank account: you don’t need a cab, it’s only three blocks You: I guess we’ll never know Bank account: seriously?”

As expected, Elizabeth Warren wouldn't let it go unanswered and responded on Twitter:

.@Chase: why aren’t customers saving money?
Taxpayers: we lost our jobs/homes/savings but gave you a $25b bailout
Workers: employers don’t pay living wages
Economists: rising costs + stagnant wages = 0 savings
Chase: guess we’ll never know
Everyone: seriously?
#MoneyMotivation pic.twitter.com/WcboMr5MCE

— Elizabeth Warren (@SenWarren) April 29, 2019

And here is another alternative version for your amusement:

“You: why is my balance so low?

Bank account: because the banksters have been bailed-out numerous times with billions by their political puppets for the crises they created at the expense of you and all the middle-class taxpayers.

You: seriously?

Bank account: Yes, seriously!”

Fixed.