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- Bank of America cut credit to Republican Windows and Doors in Chicago, IllinoisCNN: Chicago labor sit-in captures support from Obama
- Credit reportedly canceled because of plummeting salesChicagoTribune.com: Barack Obama, others say Republic...
- Republican Windows and Doors notified workers in December 2008 that the factory was being closed and they were being laid offCNN: Chicago labor sit-in captures support from Obama
- Workers were given three days notice of the layoffsCNN: Chicago labor sit-in captures support from Obama
- Sign reading "Bank of America: Don't Steal Christmas" was posted inside the factory where workers were staging the sit-inChicagoTribune.com: Barack Obama, others say Republic...
- Illinois Attorney General Lisa Madigan has reportedly launched an investigation into the abrupt closing of the factoryChicagoTribune.com: Barack Obama, others say Republic...
- President-elect Barack Obama has publicly proclaimed his support for the workersCNN: Chicago labor sit-in captures support from Obama
- Jesse Jackson brought the workers food on Sunday, December 7, 2008CNN: Chicago labor sit-in captures support from Obama
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Hundreds of employees at the Republican Windows and Doors factory in Chicago, Illinois, staged a sit-in to protest layoffs in December 2008. The company claimed it was forced to close the factory because Bank of America canceled its line of credit.CNN: Chicago labor sit-in captures support from Obama
On the morning of December 8, 2008, Illinois Governor Rod Blagojevich held a news conference outside the factory, announcing that he had asked all state agencies to suspend business with Bank of America. A meeting between workers at the plant and Bank of America officials was scheduled for later in the day.Huffington Post: Illinois Governor Suspends Business With Bank Of America (December 8, 2008) ChicagoTribune.com: Barack Obama, others say Republic...
In an attempt to solve resolve the issue, Bank of America offfered to make the company a loan to enable teh workers to be paid.[Reuters: Bank of America makes offer to resolve worker sit-in
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Bank of America Illinois Questions
Why are Citigroup and Bank of America buying MBS on the secondary market? 1 AnswerThey are doing it to make money. See: http://www.zacks.com/stock/news/18599/C,+BAC+Pushing+Prices+Up%3F How does it work. These securities are marked down beca... read more
Will Bank of America oust Ken Lewis and remove the entire Board of Directors? 1 AnswerI'm guessing that he survives and that the majority of stockholders will blame the government. read more
Were you surprise that Bank of America needs to raise $34 billion? 1 AnswerI'm surprised to hear that. I thought they were doing well since it seems they are buying out all these other banks. All the Lasalle banks around here turned ... read more
How can Bank of America's newest CEO repair the firm's image after the current recession? 1 AnswerKen Lewis damaged the company's brand by trying to acquire too many companies. As a result, Bank of America has the most assets, but it also has the most exposu... read more
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