just in:
Dec. 9 (Bloomberg) -- Bank of America Corp. will provide a "limited amount of additional loans" to shuttered Republic Windows & Doors LLC in Chicago to pay employees occupying a building after the bank ended the company’s line of credit.
but the protest is still on for tomorrow...Bloomberg
Long before the Republic workers began demonstrating, JWJ set out to organize a nationwide campaign to pressure banks, corporations, and public officials to direct federal bailout money toward programs that bring job security and financial relief to everyday Americans. (We covered their efforts on the housing foreclosure crisis last month.) Even if today’s meeting between BOA, Republic, and elected officials yields results that favor the local workers, the demonstration will go on, JWJ organizer Fran Tobin tells us.
"People have been loosing jobs, being downsized and their homes foreclosed because of the economic policies that have been promoted for the past 15 years," Tobin said. "We can’t just let corporations do what they want to do. (The Republic employees) are an example that people can fight back if they organize."
ProgressIllinois
from the comments by telephasic:
As I said in a thread, I work for UE.
There has been no agreement yet. Bank of America issued a press release indicating they will release some money for Republic to settle with the workers. Possibly this is to sow confusion on the eve of the major protest tomorrow.
An agreement is apparently close, but not quite there yet.
http://www.dailykos.com/...
ABC7 just confirmed telephasic's info