A whole bank company shut down by govt?

[Maverick]

Don't know for sure, but I rather doubt bank tellers make much either---they just need to be able to pass a drug screen and background check, be reasonably intelligent....all the other jobs you mention require training of some sort, at the very least, extensive o.j.t. There's damn little to be done at a Walmart by non-management folks which needs more than a few days of training....if ya ever take a close look at the check-out people, it seems obvious

You really ought to go check with some banks about employment. They have been limiting tellers to less than 40 hours a week for years to avoid having to pay benefits. Part time workers in there have saved the banks tons of money in employee benefits. It's not a wally world invention you know.

As far as factory work goes, come on. Are you saying it's hard to teach someone to install a tire on a car? It's hard to train a person to solder a wire into a light fixture much less just screw parts together the same way day after day after day?!?!?! Not really any different than requiring a cashier to be familiar with the relative prices of store inventory, handle cash and maintain positive control over intake and out flow of same.

[ZetaNine]

edit

[bj229r]

US TREASURY secretary Hank Paulson is working on plans to inject up to $15 billion (£7.5 billion) of capital into Fannie Mae and Freddie Mac to stem the crisis at America’s biggest mortgage firms.

The two companies lost almost half their market value last week as rumours of a government bail-out swept the stock markets, hammering share prices around the world.

Together, the two stockholder-owned, government-sponsored companies own or guarantee almost half of America’s $12 trillion home-loan market and are vital to the functioning of the housing market.


$15,000,000,000 US taxpayers money going for a bail out, doesn't that bother you

Funny you should mention that:

"The immediate cause of the closing was a deposit run that began and continued after the public release of a June 26 letter to the OTS and the FDIC from Senator Charles Schumer of New York," the news release stated. "The letter expressed concerns about IndyMac's viability. In the following 11 business days, depositors withdrew more than $1.3 billion from their accounts."

http://www.consumeraffairs.com/news04/2008/07/indymac03.html

[bj229r]

You really ought to go check with some banks about employment. They have been limiting tellers to less than 40 hours a week for years to avoid having to pay benefits. Part time workers in there have saved the banks tons of money in employee benefits. It's not a wally world invention you know.

As far as factory work goes, come on. Are you saying it's hard to teach someone to install a tire on a car? It's hard to train a person to solder a wire into a light fixture much less just screw parts together the same way day after day after day?!?!?! Not really any different than requiring a cashier to be familiar with the relative prices of store inventory, handle cash and maintain positive control over intake and out flow of same.

Does anyof that really matter, in the long run? None of those things requires much more training or back than any of the others, and the only ones that would make any real money are the ones whose salaries are inflated by union contracts, which becomes useless when said plant moves overseas to avoid costs. If you want decent money, acquire some sort of marketable skill--such skills aren't learned in a few days

[Baitman]

Does anyof that really matter, in the long run? None of those things requires much more training or back than any of the others, and the only ones that would make any real money are the ones whose salaries are inflated by union contracts, which becomes useless when said plant moves overseas to avoid costs. If you want decent money, acquire some sort of marketable skill--such skills aren't learned in a few days

Well Said

[bj229r]

Finally! my genius is recognized! (Perhaps you could talk to my missus, who doesn't seem to share your opinion )

[33Vortex]

...but the customers money has a federally mandated insurance policy on it, up to a point.

That right there is very important.