Tuesday, December 9, 2008

Labor Wins A Round: Bank Of America Oinkers Make Credit Concession

By Manifesto Joe

It ain't over till it's over, but the workers staging a sit-in at Republic Windows and Doors appear to have won a big round in their fight for fair compensation. Bank of America, the financial monolith that got $25 billion of the federal government's financial bailout, appears to have felt the heat.

The Associated Press reports:

A resolution appeared closer Tuesday when BOA announced that it sent a letter to Republic offering to "provide a limited amount of additional loans" to resolve the employee claims.

Here's a link to the entire report.

It's hard to embarrass swinelike people, but seeing that BOA has taken so much bailout money from the taxpayers, it seems to me like they ought to extend Republic's credit enough to for the company to reopen the factory and save 250 jobs.

Instead, BOA oinkers had the audacity to act like they at least partially side with the protesting workers, "expressing concern" that Republic hasn't offered to pay the workers their legal entitlements. Looks like a laughable diversionary tactic to me.

Meanwhile, the sit-in continues. Stay tuned.

Manifesto Joe Is An Underground Writer Living In Texas.

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