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Bail out Workers, Not Banks! Stop Plant Closings!
Protest Bank of America, Tues., Dec. 9, 5pm
Powell and Market, San Francisco
Over 200 workers have occupied their workplace
factory at Republic Windows and Doors in Chicago,
after the company shut down the plant, claiming
lack of funds to pay the workers their back pay,
vacation and other benefits, or to give 60 days’ notice as required by federal law.
The plant closing was precipitated by Bank of America’s refusal to extend any more
credit to the company, despite the fact that B of A has received $25 billion in bailout
funds. These billions were supposed to help relieve credit shortages and help sustain
jobs. Instead, the banks are using taxpayer dollars to merge into larger banks.
Originally posted by Astyanax
reply to post by DimensionalDetective
You 'applaud' this?
You applaud the government when it encourages people to welsh on their debts?
How would you like it if somebody borrowed money from you, then refused to pay it back and ran behind the government's skirts for protection?
To think that Americans once had a reputation for openness and honesty.
Originally posted by carewemust
Why can't Congress appoint a "Bank Czar" to ensure the $700 Billion is
used properly, like the "Car Czar" who'll be put in place to oversee the
the paultry $15 Billion going to GM/FORD/CHRYSLER?
It looks like the Banks received their money with no strings attached,
but I thought there supposed to be conditions attached to their bailout?
I wonder how many other companies have closed their doors and left
employees hanging? If these workers had not of protested in such a
dramatic way, I doubt we'd be hearing about this incident either.
Originally posted by DimensionalDetective
Rarely, if ever, do I applaud the gov, but in this instance, for once, they appear to be doing something for the "little people".
Originally posted by Shadowflux
Corruption or not, it does seem like very convenient timing for the feds to arrest the governor. I find it hard to believe that the two issues are unrelated.