Categorized | General Interest

The Price To Pay

   Aside from the strong picture and message sent by the workers who are sitting in at the Republic Windows & Doors factory, I particularly like the beating that seems to be handed out to Bank of America:

Gov. Rod R. Blagojevich, who met with the workers Monday morning, said the State of Illinois was suspending its business with the Bank of America, Republic Windows’ lenders, and that the Illinois Department of Labor was poised to file a complaint over the plant closing if need be. Political leaders on the Chicago City Council and in Cook County threatened similar actions. Representative Luis V. Gutierrez said he was encouraging the Department of Labor and the Department of Justice to investigate. “Families are already struggling to keep afloat,” Mr. Blagojevich said.

   And in The Wall Street Journal, some more details:

Sit-in protests after job layoffs at a local door-and-window factory here have escalated into an intense labor-relations fight that could have financial ramifications for Bank of America Corp.

On Monday, Illinois Gov. Rod Blagojevich, at a news conference in front of the Republic Windows & Doors factory, called on state agencies to suspend business with Bank of America, based in Charlotte, N.C.

The city of Chicago also threatened to stop doing business with the bank.

…..

The state’s total business with Bank of America is valued in the "hundreds of millions of dollars," according to Kelley Quinn, spokeswoman for the governor. She said every Illinois state employee who travels for business has a Bank of America credit card; those cards would be suspended. Many state agencies also have deposits with the bank.

"We want to know that [Bank of America] was acting responsibly during this process and that they did everything in their power to protect the workers," Ms. Quinn said. She added that if a satisfactory resolution is reached, the state could continue doing business with the bank.

Also on Monday afternoon, 15 Chicago aldermen said they were planning to introduce a city ordinance next week that would require the city of Chicago to stop doing business with Bank of America, including a requirement that the city withdraw all funds and deposits with the bank or any of its subsidiaries.

"It is outrageous for Bank of America to cut off credit, a company’s lifeblood, after receiving $15 billion of taxpayers’ money as part of the federal government’s Troubled Asset Relief Program," said Alderman Joe Moore, of Chicago’s 49th Ward.

   These folks only understand money, not human lives. So, squeeze them where it hurts.

 

 

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