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Illinois stops business with Bank of America over Chicago standoff

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posted on Dec, 8 2008 @ 05:43 PM

...The company shut down abruptly on Friday after Bank of America canceled its line of credit due to a sharp downturn in Republic's business....

"Every agency has been ordered to suspend doing any business with the Bank of America. The Bank of America received $25 million in taxpayer money as part of the financial bailout," Blagojevich said.

"This is exactly and precisely the kind of thing that isn't right when, on the one hand, powerful special interests get the help of taxpayer money to bail them out, the banks. And yet the purpose of that money was supposed to be to be to provide a line of credit to businesses like this."

Good for Illinois.

It's very businesses like that that helped provide the $25 Million BOA gets out of the bailout. Way to show good faith and keep the credit line, BOA

posted on Dec, 8 2008 @ 05:48 PM
Thats because the money that is going to them is not regulated.... Uhhhh.... When the hell are the Feds going to be proved they are unconstitutional!!!!

All our money is going to their pets AKA the Banks, WTF!!!

Were being Bankrupted on purpose by the Feds but why.... I don't know,

if anyone can answer that one, I'll star you... lol

posted on Dec, 8 2008 @ 06:18 PM
Being discussed here
Illinois gov't to stop doing business with BOA
Not a one liner.

posted on Dec, 9 2008 @ 05:35 AM
I actually applauded when I saw this on the news.

Bank of America was one of the recipients of the bailout. They were supposed to use the bailout money to loosen up lines of credit to companies like Republic Windows and Doors. Instead, they used the money to finance their own debt, meet payroll, and other uses.

They scammed us. Big time.

It's time they were exposed and brought to task for their thievery.

posted on Dec, 9 2008 @ 05:45 AM
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