Shake, Rattle, and Roll

Financial extortionists take heart from BofA's surrender in Chicago

The Bank of America was the victim of a concerted shakedown that may soon be replicated around the country. Even President-elect Obama supported this new example of Chicago blackmail.

One of the casualties of the faltering housing market is Chicago's Republic Windows & Doors, whose line of credit was cut off by Bank of America.

In the first week of December, Republic laid off its workers and closed its doors. The company was supposed to give two months' notice, with continued pay and benefits. So the employees launched a sit-in.
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Source: Investor's Business Daily

Note: Now why should a bank be coerced into lending to a failing business? This seems to me to be a case of the drowning victim dragging the lifeguard into the deep as well. At least financially. Apparently, the bottom rung of the economic food chain is as equally prone to the moral rot of me-first entitlement attitudes as the upper echelons of capitalism. Probably more so.