Um, ok… I imagine we are going to start seeing more stuff like this as the credit crisis gets worse, no?
In a stinging note of support for the laid off workers that have taken up residency in Chicago’s Republic Windows & Doors factory, the Governor of Illinois has suspended business with Bank of America until it reissues credit to the shuttered company. Bank of America cut off credit to Republic Windows & Doors company last week, and workers, demanding severance pay, began staging sit-ins, effectively taking control of the building. Bank of America, Chicago’s second largest bank, has received over $15 billion in bailout funds from the federal government. During a Monday news conference, Illinois Governor Rod Blagojevich insisted that the money was intended to be used for purposes such as this.
What do you think? Wrong or right? I am of the mind that if they are going to take the bailout money, than they should be using it for it’s intended purpose, no?