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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.
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!
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
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.
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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!
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.