Wednesday, December 10, 2008

Blagojevich arrested, went after Bank of America

Before the Governor of Illinois was arrested for corruption, he ordered state agencies to stop doing business with Bank of America because the bank closed All Republic Windows & Doors' line of credit. The bank's decision forced the company to close their doors and led to the layoff of 250 people, most whom have locked themselves in the factory in protest.

Now that the story has received national attention, Bank of America said Tuesday it would extend some credit to the company. For the first time in a long time we are seeing some in government stand up to their main masters - the multinational corporations.

This corporate backlash has been coming for a long time, and it is because everyday people have been demanding it. And wouldn't you know, it works.

It works. It works. It works. It works. That can't be said enough.

Do you think the Bank of America would have reconsidered extending credit to All Republic Windows & Doors if the employees, with the support of their union, weren't so brave in taking over the factory? Of course not.

In my view, the only way to save the country is to ratchet up the criticism and critique of the private sector, to stay on their case and to continue to take these types of actions. If banks, or any other corporations, which by the way are only allowed to exist because we let them, attempt to harm us, we can successfully force them to change, or else.

It works. This is the dirty secret that the powers don't care to share.

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