Thom Hartmann: The new American job killer is Bank of America

[thomhartmann]

Congressman Tim Bishop (D-NY, 1st district) joins Thom Hartmann. Less than three years removed from accepting a $45 billion bailout courtesy of the American taxpayers - Bank of America announced plans to lay off 30,000 American workers - and relocate its business-support operations and call centers to the Philippines. Bank of America joins other big American banks that’ve turned their backs on American workers and set-up shop in the low-wage paradise of the Philippines - where the average family makes just $4,700 a year. This exodus of jobs not only hurts our economy - but also may compromise the security of account holders in the United States - as foreign contractors now have access to secure financial data. In the last four years - 500,000 jobs have been shed from the US call center industry thanks to this same sort of outsourcing. That's roughly ten percent of the entire call center workforce. So how do we stop this endless leak of American jobs to the developing world?

The Big Picture with Thom Hartmann on RT TV & FSTV "live" 9pm and 11pm check www.thomhartmann.com/tv for local listings

[wxgeek7]

1. Awesome! Stick it to them where it hurts!

These unscupulous banks can't be left to do the right thing. So Government HAS to step in and do it for us. And the fact that they're sending all these jobs overseas, just goes to show that they not only don't care about their employees losing their jobs, but also don't care about the security of their customers accounts!

[Dustlawyer]

2. It's "un-American" to allow this outsourcing of our jobs! Any Congressman voting

against this should be rightfully attacked for it!