Homestead mailing list

[Gene GeRue <genegerue AT ruralize.com>]

Here is the crux of the matter. We taxpayers gave BofA twenty-five  
billion dollars. BofA shut off the credit line to this business  
because their sales fell of sharply during the past month. The workers  
were given very short notice.



Day 2 For Workers At Shuttered Window Plant
Union Claims Bank Of America Cut Off Financing For Republic Windows  
And Doors

CHICAGO (AP) ― Workers who got three days' notice their factory was  
shutting its doors voted to occupy the building and said Saturday they  
won't go home without assurances they'll get severance and vacation  
pay they say they are owed. . . .

Organizers of the action said the company can't pay employees because  
its creditor, Charlotte, N.C.-based Bank of America, won't let them.  
Crain's Chicago Business reported that Republic Windows' monthly sales  
had fallen to $2.9 million from $4 million during the past month. In a  
memo to the union, obtained by the business journal, Republic CEO Rich  
Gillman said the company had "no choice but to shut our doors."

Bank of America received $25 billion from the government's financial  
bailout package.

"Across cultures, religions, union and nonunion, we all say this  
bailout was a shame," said Richard Berg, president of Teamsters Local  
743. "If this bailout should go to anything, it should go to the  
workers of this country."

Outside the plant, protesters wore stickers and carried signs that  
said, "You got bailed out, we got sold out."

From:
http://cbs2chicago.com/local/republic.windows.sitin.2.880850.html