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December 08, 2008

BREAKING: Illinois Refuses to Do Business with Bank of America

This is outrageous. The governor is asking all state agencies to refuse to do business with Bank of America unless BofA extends credit to a failing business!

The Republic Windows & Doors factory closed suddenly last week and the employees got laid off without severance or health insurance. They believe that is a violation of their contracts and state employment law. So the workers stage a sit-in in the factor. So far, so good. And...BofA gets blamed for the closed plant because it refused to give Republic Windows & Doors a loan. The workers promise to continue the sit-in until BofA pays their wages, severance, and health insurance.

Governor Blagojevich just met with the workers at the plant and then announced that he is asking all state agencies to refuse to do business with BofA.

This just happened, so I can't find a news report on it yet. This article will catch you up to this morning.

Blagojevich's announcement is below the fold:

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posted by Gabriel Malor at 11:47 AM

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