Monday, December 8, 2008

Illinois Gov: No to Bank of America

The Bench front page... UPDATE: Illinois Attorney General To Look Into Factory Closing Illinois Governor Rod Blagojevich said the state will suspend business with Bank of America Corp. until the lender restores credit to the shuttered Republic Windows & Doors company in Chicago where workers are staging a sit-in. Blagojevich, a Democrat, spoke at a news conference today after meeting with employees who remained at the factory since Dec. 5, when it closed following the bank’s cancellation of its credit line. Illinois does “hundreds of millions of dollars” in business with the bank, he said. The Illinois Department of Labor will sue the manufacturer if Republic doesn’t respond to employee requests for vacation and severance pay, the governor said in a press release. More at Bloomberg... There are a lot of videos related to this story. Click here. RELATED: Obama Sides with Workers in Factory Sit-in Social War Chicago: Thoughts on the Republic Window takeover Ilinois Threatens Bank Over Sit-In Blagojevich Reckless, Obama Evasive on Bank of America and Chicago ... Plan To Save Citigroup Could Be Model For Bank Of America Plan Small banks want their bailout Flashback: Republic Windows closing doors (Dec. 4) Angry laid-off workers occupy factory in Chicago (Dec. 6) Greedy Bank of America Engineers "Fake Rescue" in Sub-Prime Fire.