Send a message to support workers. Bank of America and Congressional leaders need to ensure that the Bailout Program is used to provide workers and companies with lines of credit to save jobs.
Last month, Bank of America accepted $25 billion in taxpayer funds as part of the Wall Street Bailout. Now they're refusing to release lines of credit and causing hundreds to lose their jobs. In Chicago, workers making energy efficient windows and doors at the Republic Windows and Doors plant came to work only to be told their factory was shutting down and they would not be receiving the pay owed to them.
Hundreds of these laid-off workers have occupied their factory and are refusing to leave without receiving the benefits they rightly deserve — they're staying in the office day and night in their quest for justice. We think this is an important fight, and that's why we're joining with our friends at True Majority to take action.
This is just the latest instance of banks taking advantage of the taxpayer funded bailout. Instead of using our funds to provide loans and credit lines to companies and workers on Main Street, Bank of America is focused on taking over other banks and padding their executives' bottom line.
These workers have become a symbol for everything that's wrong in our economy, and they need our support right now. But, once this immediate crisis passes, we'll need to gear up to pass a Next New Deal for Main Street that will protect millions of other Americans struggling like these workers in Chicago.
Thank you for working to build a better world.
Kate Stayman-London, Campaign Manager
CREDO Action from Working Assets