Banks Using Bailout Money To Screw Workers


January 28, 2009 by Gsmith

boaEach time I think I’ve seen these parasites reach the absolute lowest depths of the social scum-swamp, they manage to impress me yet again with an even more egregious display of loathsome misbehavior.

I stole this from People’s Weekly/Nuestro Mundo (That’s the CPUSA’s blog). Credit to them. There’s much more over there, including audio of the actual conference call. It’s either disgusting or highly entertaining. I give it two thumbs way up.

All you American taxpayers who are now going into the red to keep Bank of America in the black will be glad to know that your sacrifices are being used to fund the meddling in national politics and the screwing of workers. I suppose nobody ought to be surprised, but it’s interesting how blatant they are about it.

Three days after receiving $25 billion in federal bailout funds, Bank of America Corp. hosted a conference call with conservative activists and business officials to organize opposition to the U.S. labor community’s top legislative priority.

Participants on the October 17 call — including at least one representative from another bailout recipient, AIG — were urged to persuade their clients to send “large contributions” to groups working against the Employee Free Choice Act (EFCA), as well as to vulnerable Senate Republicans, who could help block passage of the bill.

Bernie Marcus, the charismatic co-founder of Home Depot, led the call along with Rick Berman, an aggressive EFCA opponent and founder of the Center for Union Facts. Over the course of an hour, the two framed the legislation as an existential threat to American capitalism, or worse.

“This is the demise of a civilization,” said Marcus. “This is how a civilization disappears. I am sitting here as an elder statesman and I’m watching this happen and I don’t believe it.”

Much More…


One thought on “Banks Using Bailout Money To Screw Workers

  1. Tod Robbins says:

    Also an article I just read about Rick Berman, we love this guy! Best wishes to Mr. Cass Sunstein.

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