Cast Your Vote for ‘Scrooge of the Year’
It’s the holiday season and time once again to say “bah humbug” to the most cold-hearted and greedy CEOs, corporations and politicians who exemplify the spirit of Ebenezer Scrooge.
This is the 10th year that Jobs with Justice (JwJ) has “honored” the person or group that has done the most to “scrooge” workers. And given the current crop of nominees—Bank of America, the U.S. Chamber of Commerce, Hyatt Hotels, Publix Supermarkets and student loan providers—it looks like it will be a hard decision to pick just one.
You can cast your vote for any of these deserving nominees here. The winner will be announced Dec. 21.
First, there’s Bank of America, which had a hand in the worst of the subprime lending excesses, providing financing to four of the top five largest subprime lenders during the years prior to the crash. Among them, these four firms issued more than $320 billion in subprime loans from 2005-2007. As a result of these kinds of abuses, Bank of America helped crash the economy and then accepted bailouts and backstops totaling $199.2 billion.
