Warren pounces on Chase Bank tweet on thrift


Sen. Elizabeth Warren, D-Mass., who has made economic justice the centerpiece of her presidential campaign, found a fat target Monday in a tweet from Chase Bank, which offered playful — or, as critics charged, tone-deaf — suggestions about saving money on expenses for coffee, food and taxis.

Sen. Elizabeth Warren (Photo illustration: Yahoo News; photo: John Locher/AP)

Chase framed its tweet, which the company deleted following a wave of criticism, as a conversation between customers and their bank account.

Warren noted that the bank had received a $25 billion bailout funded by taxpayers following the 2007 financial sector crash, and said consumers’ financial problems were the result of stagnant wages and rising expenses, not frivolous spending.

After deleting its tweet, the bank said it had learned its lesson.

But the #MondayMotivation misfire comes just weeks after JPMorgan Chase CEO Jamie Dimon endured a grilling before the House Financial Services Committee on the subject of worker pay.

Rep. Katie Porter, D-Calif., detailed the finances of a single mother who works full time as a Chase bank teller in Irvine, Calif., and she asked Dimon how she should manage her $567/month shortfall.

“I don’t know that all your numbers are accurate,” Dimon responded, before adding that he “would have to think about” a solution.

Like Warren, Porter also took aim at Chase’s initial tweet, telling the company to “pay your workers more.”


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