Tuesday, March 23, 2010

Rob Blagojevich Vindicated: Targeted by Bank of America

Rob Blagojevich Vindicated:
Targeted by Bank of America

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Illinois pressures Bank of

America to help workers

Pedestrians and advertisements can be seen reflected in the windows of a Bank of America branch in New York, October 8, 2008. REUTERS/Lucas Jackson

Mon Dec 8, 2008 10:48pm EST

(Reuters) - Bank of America will lose out on hundreds of millions of dollars in fees and commissions from the state of Illinois if it fails to help laid-off workers occupying a Chicago factory, the governor warned on Monday.

Gov. Rod Blagojevich, a Democrat, visited Republic Windows

& Doors where 250 union workers have camped out in shifts since

Friday, demanding severance and vacation pay after the family-owned

business gave them just three days notice of the plant's closing.

The parties involved met on Monday and failed to reach a resolution but

said they would talk again on Tuesday. The workers said their occupation of the

plant would continue. The company told workers last week that Bank of

America had shut off its line of credit and refused to allow further expenditures.

read on @ http://www.reuters.com/article/idUSTRE4B773020081209

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