The housing crisis has affected no matter their living
status. This podcast is mainly about an employee at Countrywide Mortgage, a
large mortgage company. She was one of the many people affected by this crisis
resulting in her seven-year mortgage loan. Her own company was increasing the
prices of her mortgage. Quickly, she learned this company had a high turnover
rate and they did not treat their employees correctly. After surveying fellow
employees on job-satisfaction, the average was low teens if not single digits.
She gave the results to the CEO and people in higher positions at the company
to hope that proper actions were taken. Unfortunately, nothing ever happened. When
Bank of America was trying to buyout Countrywide they asked this employee to
create a PowerPoint to present her results. Weirdly enough, they never saw the
correct PowerPoint. After lawsuits and the loss of a job, settlements were made
and Bank of America bought out Countrywide.
What surprised me most about this
podcast was the way Countrywide Mortgage screwed over their employees. It’s
unfortunate to hear an employee being treated unfairly but even worse to hear
nothing was done about it. Not only did she create a presentation for Bank of
America but also, she went out of her way to survey other employees to see the
results so low.
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