You idiots. Bank of America clearly said along with Wells Fargo, THET DID NOT NEED THE TARP MONEY!!!! get it through your heads. Paulson, our treasury secretary force them to take it to stigmatize the banks who really needed the money.
And in the end: JP Morgan had a 40% on the company. Cry over to Chase Bank for credit.
But maybe the workers should not give up the occupation right now. If the factory is about to close, they could run it themselves as workers are doing elsewhere.
Look up on the experience of factories under workers control in Argentina, e.g. Zanon, Brukman and many others. Because bosses need workers, but workers don't need bosses!
Haw. And what do you think the banks were doing, if not "surviving off credit"? You'd better believe it's Bank of America's problem, especially since they got $25 billion of the taxpayers' money to prop *them* up. They're surviving off the people -- and probably using the bailout money to pay bonuses to their execs -- so they'd better give something back.
Why is the government pressuring Bank of America to make a bad loan? Isnt this how the financial crisis started? If they were UAW workers, then they could get paid for not coming to work.
After years of hearing liberals say that they "support the troops" but not the war, I think it is only fair to use the same logic with car companies. From now on, I support the workers but not the union.
there is a differance in your analogy...in a case like this, the workers are the union, they arent separate, they are united, and that makes some jealous because they dont have the guts to do it for themselves. i hope this is just the beginning, corp breaks the law and hopefully they will pay
KEEP FIGHTING!!!! figures the company has no response, throw the workers away, break the law, and still some ppl support them. this kind of stuff should be happening to.
"Those $25 billion all the banks got was forced upon them by Treasury Secretary Paulson"
Right. I'm sure there had to be a gun held to their heads. Perfect example of 'ideology ad absurdum'.
The company knew what the legal obligations are. If the union should be held to the contract, the corporate management should be held to the contract. It's not a right-left issue.
From The Chicago Tribune:People who apparently have ties to the financially strapped Republic Windows formed a limited liability corporation in Illinois last month, Echo Windows & Doors, that has bought a similar plant in western Iowa.
Sharon Gillman, who shares an address with Republic President and CEO Rich Gillman, is listed as an officer of Echo Windows & Doors LLC, which was incorporated in Illinois on Nov. 18, according to secretary of state records. Shame Shame Shame on Republic!
Fiqures. Unions. Why is it Bank of America's problem. Charges should be brought to Republic Window if any. By the way, those $25 billion all the banks got was forced upon them by Treasury Secretary Paulson. Bank of America didnt need it, if you hurry, you might be able to ask Paulson for a bail-out. Everyone seems to be getting one.
Bank of America has been giving Republic a line of credit for years. Now all of a sudden, they decide to cut them off? Banks got this money (whether they wanted it or not) to lend to small businesses. B.O.A. decided to buy up a bunch of smaller banks and sit on the capital. It's called greed.
Great coverage! I'm so glad CNN let one of the workers speak for themselves, and Vincente Rangel did a great job.
The point of the bailouts was supposedly to save the economy for everyone... I guess now we know who doesn't count in that "everyone." I'm so impressed with these workers for fighting back.
Why the fuck are they letting this happen? 5 trillion for the banks with imaginary derivatives, but not a pittance for a real industry? Disgusting. Reaks of designed economic collsapse. Fucking bankers. Obama better ready for his inaguration day surprise.
It's obvious why rethuglicans are opposed to bailing out the auto makers. It's because they're unionized. Then they'll happily give $700,000,000,000 to Wall St because they're not unionized and most of the money will go in the pockets of fat cats.
This is another wealth redistribution from average Americans to the super wealthy.
International bankers are going from country to country pulling this con. Check it out. They want a New World Order with the UN making rules and the International Bankers the money masters. The rest of us as slaves, check it out.
You idiots. Bank of America clearly said along with Wells Fargo, THET DID NOT NEED THE TARP MONEY!!!! get it through your heads. Paulson, our treasury secretary force them to take it to stigmatize the banks who really needed the money.
And in the end: JP Morgan had a 40% on the company. Cry over to Chase Bank for credit.
informationauth 3 years ago
Great struggle, great victory!Gongratulations.
But maybe the workers should not give up the occupation right now. If the factory is about to close, they could run it themselves as workers are doing elsewhere.
Look up on the experience of factories under workers control in Argentina, e.g. Zanon, Brukman and many others. Because bosses need workers, but workers don't need bosses!
pterryn 3 years ago
I think I saw one black person one white person. Were has the labor gone? Something is wrong here.
kenny50776 3 years ago
This is not Bank of America's problem. It's clear the company was surviving off credit. This is why our economy is the way it is right now.
informationauth 3 years ago
Haw. And what do you think the banks were doing, if not "surviving off credit"? You'd better believe it's Bank of America's problem, especially since they got $25 billion of the taxpayers' money to prop *them* up. They're surviving off the people -- and probably using the bailout money to pay bonuses to their execs -- so they'd better give something back.
OldDunc 3 years ago 2
AMEN! For the employees at that very factory who paid taxes which contributed the government revenue. FUCK THIS GREEDY SHIT!
StanGrad97 3 years ago
Republicans chickenhawks have come home to roost.
stewart0312 3 years ago
El pueblo unido jamás será vencido.
rdsathene 3 years ago
AverageVoter:
Maybe u haven't been paying attention but I can't pay attention to everything either.
Anyway, it was Bank of America attorney/lobbyists who wrote the bail-out bill.
Their argument was that by giving billions to banks they could keep companies going & people in their homes.
We're now seeing that most billions are going to keep the banks alive with fat bonuses to the big-wigs.
Again the top 5% makes out like bandits.
That's why ppl are angry at this company closing.
DillonX 3 years ago
Workers of the world unite, you have only a world to win.
riverbilly224 3 years ago 4
bank of america is the best bank, fuck you asshole!!
majestic1070 3 years ago
Why is the government pressuring Bank of America to make a bad loan? Isnt this how the financial crisis started? If they were UAW workers, then they could get paid for not coming to work.
After years of hearing liberals say that they "support the troops" but not the war, I think it is only fair to use the same logic with car companies. From now on, I support the workers but not the union.
AverageVoter 3 years ago
there is a differance in your analogy...in a case like this, the workers are the union, they arent separate, they are united, and that makes some jealous because they dont have the guts to do it for themselves. i hope this is just the beginning, corp breaks the law and hopefully they will pay
pulppeeler 3 years ago
It's getting to be about time to take back our country.
Plutonwolf 3 years ago 4
well its about time...it hasn't been ours since 1913
TrustKovacss 3 years ago
if it ever really was.
Plutonwolf 3 years ago 2
them
pulppeeler 3 years ago
KEEP FIGHTING!!!! figures the company has no response, throw the workers away, break the law, and still some ppl support them. this kind of stuff should be happening to.
pulppeeler 3 years ago 4
"Those $25 billion all the banks got was forced upon them by Treasury Secretary Paulson"
Right. I'm sure there had to be a gun held to their heads. Perfect example of 'ideology ad absurdum'.
The company knew what the legal obligations are. If the union should be held to the contract, the corporate management should be held to the contract. It's not a right-left issue.
Rosen915 3 years ago 2
From The Chicago Tribune:People who apparently have ties to the financially strapped Republic Windows formed a limited liability corporation in Illinois last month, Echo Windows & Doors, that has bought a similar plant in western Iowa.
Sharon Gillman, who shares an address with Republic President and CEO Rich Gillman, is listed as an officer of Echo Windows & Doors LLC, which was incorporated in Illinois on Nov. 18, according to secretary of state records. Shame Shame Shame on Republic!
ltlmsmetal 3 years ago
Fiqures. Unions. Why is it Bank of America's problem. Charges should be brought to Republic Window if any. By the way, those $25 billion all the banks got was forced upon them by Treasury Secretary Paulson. Bank of America didnt need it, if you hurry, you might be able to ask Paulson for a bail-out. Everyone seems to be getting one.
informationauth 3 years ago
Bank of America has been giving Republic a line of credit for years. Now all of a sudden, they decide to cut them off? Banks got this money (whether they wanted it or not) to lend to small businesses. B.O.A. decided to buy up a bunch of smaller banks and sit on the capital. It's called greed.
tommyc6066 3 years ago
This comment has received too many negative votes show
Bring in the National Guard and mow them down with machine guns.
Richardgwm 3 years ago
What a Patriot! Someone give this man a medal! Take down those commie terrorists!
On a more serious, go home fascist.
IneptTroopr 3 years ago
I wish those workers the best of luck in fighting for their rights
racecar2323 3 years ago 4
Great coverage! I'm so glad CNN let one of the workers speak for themselves, and Vincente Rangel did a great job.
The point of the bailouts was supposedly to save the economy for everyone... I guess now we know who doesn't count in that "everyone." I'm so impressed with these workers for fighting back.
lizardcub 3 years ago 5
This comment has received too many negative votes show
The guy can't take his kid to get his shots, because he doesn't have insurance. It cost about $20 at the health department. What a loser?
TexasDevilDog 3 years ago
What the heck health department are you talking about? Have you ever known anyone without insurance?
Or are you just a troll?
lizardcub 3 years ago 3
Cook county provides free vaccinations. I found it and I am in Texas, but I am not a stupid union member though.
"CDPH (Chicago Department of Public Health)offers free vaccinations to Chicago children at seven CDPH clinics on the North, South and West Sides."
TexasDevilDog 3 years ago
He didn't specify what the shots were for. Regardless, even if you are correct his point still stands.
Orlan54 3 years ago
Why the fuck are they letting this happen? 5 trillion for the banks with imaginary derivatives, but not a pittance for a real industry? Disgusting. Reaks of designed economic collsapse. Fucking bankers. Obama better ready for his inaguration day surprise.
StephinRazin 3 years ago
It's obvious why rethuglicans are opposed to bailing out the auto makers. It's because they're unionized. Then they'll happily give $700,000,000,000 to Wall St because they're not unionized and most of the money will go in the pockets of fat cats.
This is another wealth redistribution from average Americans to the super wealthy.
toosinbeymen 3 years ago 4
just like always....a couple people will have cash pass hands. screw the many like always. watch out everybody....were all in deep poo.
ProthoPectore 3 years ago
Oh my god thats what I was thinkin too, he is really asking shitty questions.
jabzulani 3 years ago 3
They should be protesting at Bank of America.
There is an Agenda people should check it out.
International bankers are going from country to country pulling this con. Check it out. They want a New World Order with the UN making rules and the International Bankers the money masters. The rest of us as slaves, check it out.
Quiltingsando 3 years ago
this could be the beginning of the proletarian revolution in the USA...i will therefore move to Russia where capitalism is still available.
leepakim 3 years ago
yeah, down with the people, up with big business. Who needs citizens that have money as long as we have the rich hoarding all the money.
Though I assume you were being sarcastic since you used russia as your example.
waltermh111 3 years ago 2