Bank Of America, The Bankrobbers of our Society

by Alex Caldwell on December 9, 2008 · View Comments

in Economy, General Rants

If you’re a frequent visitor to my rants, you will know my position on the US banking system. Should you need examples of this, you can read this, this, or this article to get an idea where I’m coming from.That said, it comes to no surprise at all to me that Bank of America is currently at the center of the worker demands involving “Rebublic Windows and Doors”. I would link to their website, but the URL just returns “permission denied” when you go there. The NY Times ran a story on Sunday about this, describing the situation and from what I can tell this is an event where workers are finally getting on their hind feet and saying “enough is enough”.I believe very strongly that many Americans are too used to just putting up with things, rather than demanding justice and fairness, this is especially true int he work place. I mean you have to realize that the people in this Nation are so used to just not paying attention to anything, that they don’t seem to realize that all across the board, the whool is being pulled over their eyes. In France, people will go on the street and demonstrate vigorously if the government raises the weekly limit on the hours they work. They will literally demonstrate because of a single hour more a week! To see what we’re putting up with here is just astonishing, and quite frankly I sometimes think people are just medicated on a massive scale, nothing else explains the trance people seem to be in.

What supposedly happened in Chicago, was that after Bank of America had received a Government bailout, it cut off funding for all kinds of companies that were dependent on them, one of them being Republic Windows and Doors. The company in return was supposedly forced to close it’s doors at short notice, leaving hundres of workers asking what happened to their protection from this kind of event, their severence packages, and of course their retirement plans. The great part about this story, and there’s really nothing good about it, is the fact that the workers are doing a sit-in. They are demanding that the company addresses their demands and their being backed by the worker’s union in that area.

The part that must piss anyone off is of course the fact that while the Bank received a bail out, these workers are being shafted. If I were naive and believed we were somewhat of society that has an interest in looking out for their population, I would think that these workers, as so many would somehow be assisted. Unfortunately the reality that we find ourselves in currently is that we have shifted from being a country that manufactures things, to a society that simply services things. In the past eight years our government and those before, and have been instrumental in ensuring the certain death of the American Dream, assuming there ever was one.

All in all I can just say that more peole need to stand up and fight, speak their mind and stop putting up with the exploitment of the American people. To me, no terrorist could ever reak the havoc various financial institutions have, from Enron over to AIG they’re packing their coffers full of Gold and walking off unscathed.

This article was written by Alex - Author's Website
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Bank Of America, The Bankrobbers of our Society
  • Banking reform is a must if our country is to progress. We the people of the USA must be informed about how current banking system is hurting us. Let's keep trying informing our fellow citizens so they will really understand what is going on to our country. "All in all I can just say that more peole need to stand up and fight, speak their mind and stop putting up with the exploitment of the American people."
  • That seems to be a going theme in the United States where CEO's are getting paid the salaries of super stars, yet they their compensation isn't based on success. I'm not sure how realistic it is to have workers run the companies and with the right type of leadership and a more distributed way of spreading the profits, none of this would be needed. Fact is that companies can't be permitted to break workers laws, short them of their benefits and leave them standing in the cold. All I know is that when I overdraw my bank account, I get raped by the bank, if I just tell my job I'm not coming in for the next two weeks because of other commitments, I'm fired. Where are the consequences for employers? Where are the consequences for the banks? I can get pulled over today by a cop and if they find half a gram of weed on me I'll get arrested. Paulson and his crook friends have looted BILLIONS of dollars, they are literally taking millions of peoples 401k and other pension plans, and using them to buy themselves golden toilet paper holders or who knows what. Fact is they will never feel the pain, and can never sympathize with those people who actually do the hard work in this country.

    I was born and raised in Germany, pursued an apprenticeship as a carpenter and if I had stayed there, and in the same field I would be taken care of. I would have health care, no matter what, no questions asked, no limitations. I would have 5-6 weeks of paid vacation and I could definitely sustain myself for a long time like that. Over here, carpenters are hung out to dry - good weather or bad, injured or not, if you're not in a Union, you're doing the hard work in this country and you're out there without any protection while the money sharks in washington are pushing money from one account to the other, making money on interest, while the worker has to fight for every single dollar he makes.
  • Carol Ashley
    "...no terrorist could ever reak the havoc various financial institutions have, from Enron over to AIG they’re packing their coffers full of Gold and walking off unscathed."

    Yup. And as one woman on Minnesota Public Radio said the other day when the station was playing the blame the victim game questioning if auto workers are getting paid too much money, and I paraphrase, workers need to stick together whether they are on the lower end of the scale or make more money.

    Personally, I think a great way to revitalize the economy is to give all the big companies (including agriculture biggies) to the workers. If the autoworkers could see this coming and the execs couldn't, doesn't that say a lot more for the people who do the actual work than the bloated administrative paper pushers? In agriculture, the farms need to be broken up into smaller sections that can be given to people who can show some knowledge of farming and who will commit to sustainable ag practices to assure the country that healthy edible food can be provided for the country.

    Okay, I know I'm a dreamer, but kudos to the workers at Republic Windows and Doors. If the plant closed, couldn't they just take over and manage the place and do the work?
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