Good ol’ Bank of America gets $25 billion and cancels financing for Republic Windows & Doors, resulting in employee layoffs with 3 days notice and no severance or vacation pay. 250 employees are taking part in a peaceful sit-in to protest. Illinois Governor Rod Blagojevich is apparently outraged enough to have threatened to halt all state dealings with Bank of America (right on Rod!). Rev. Jesse Jackson delivered turkeys to the workers on the site. With such myopic business practices, it’s no wonder BOA needed a bailout in the first place.
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