The Mudcat Café TM
Thread #114650   Message #2511071
Posted By: Genie
09-Dec-08 - 04:33 PM
Thread Name: BS: The Bailout
Subject: RE: BS: The Bailout
Speaking of the banking industry bailout:
Workers win: Bank to give credit to Chicago plant

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CHICAGO – Bank of America says it will extend credit to a Chicago window and door maker whose workers have occupied the factory for five days.
The bank said Tuesday that it's willing to give the Republic Windows and Doors factory "a limited amount of additional loans." That's so it can resolve claims of employees who have staged a sit-in since Friday.
The factory closed Friday after Bank of America canceled its financing.
Workers were given three days' notice. But they refused to leave and vowed to stay there until receiving assurances they would receive severance and accrued vacation pay.
The bank has been criticized for cutting off the plant's credit after taking federal bailout money.
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See how well the money usually "trickles down" when the gummint gives breaks to the big guys?