I have to credit a buddy of mine in Chicago for bringing this one to my attention.
You’ve probably heard about the workers in Chicago staging a sit in at the Republic Windows and Doors plant. Their beef is that the company is not paying the workers enough notice before closing, which is a violation of their contract. That sucks for them, but somehow the government places blame with…
Earlier Monday, Gov. Rod Blagojevich, several alderman and Cook County officials offered their support for the workers’ protest and threatened to suspend business with Bank of America if a resolution was not reached.
How is it Bank of America’s fault that this company can’t run profitably? Â Are they actually trying to coerce Bank of America to lend out money to a company that can’t repay it?
Uh, correct me if I’m wrong, but wasn’t most of this financial mess started when government forced financial institutions to lend money to people who couldn’t afford to pay it back?