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| Once you have paid the Danegeld... |
| 2008-12-11 |
| JPMorgan Chase & Co offered $400,000 on Wednesday to help pay severance to laid-off workers occupying a Chicago factory, whose protest symbolizes resentment over the federal bailout of big banks while workers suffer. JPMorgan Chase's offer, announced by Rep. Luis Gutierrez, who has been mediating the dispute, follows on Bank of America Corp's pledge to make an unspecified, limited loan to Republic Windows & Doors on behalf of the 250 workers. The worker sit-in that began on Friday has become a symbol of Main Street resentment of the federal bailout of Wall Street banks, which Bank of America has tapped for $15 billion and JPMorgan for $25 billion. |
| Posted by:Seafarious |
| #5 That's only about $2,000 apiece, not what I'd call a fortune. I'd rather have Republic get the loan and collect my unemployment for the 2 weeks I was laid off. |
| Posted by: bigjim-ky 2008-12-11 15:27 |
| #4 If the banks just stop lending then they won't have any of these problems. |
| Posted by: DoDo 2008-12-11 14:05 |
| #3 Good luck, GORT. |
| Posted by: trailing wife 2008-12-11 08:33 |
| #2 'Pay to Play'... even in Chicago factory closings. |
| Posted by: Besoeker 2008-12-11 08:16 |
| #1 Great. I work for one of those mentioned big banks and we are laying off staff right and left. If you are lucky you get a month or two of salary for severance when let go. Oh dopey me - I should have gone to work for a window manufacturer instead. Well, that or a car company that builds shitty cars that no one wants. Merry Freekin Christmas |
| Posted by: GORT 2008-12-11 08:10 |