JPMorgan to Pay Chicago Protesters

Creditors respond to sit-in with loans, severance offer
By Ambreen Ali,  Newser User
Posted Dec 10, 2008 2:43 PM CST
The Rev. Jesse Jackson, second from left on truck, delivers food to workers at Republic Windows & Doors in Chicago on Sunday.   (AP Photo/Eric Y. Exit)
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(Newser) – JPMorgan will pay $400,000 toward the severance for 240 laid-off workers occupying a Chicago factory, and Bank of America will extend the bankrupt manufacturer a new loan, Reuters reports. Both banks are creditors of Republic Windows & Doors, which shut down after, BOA says, it "maxed out" on credit. The workers' strife symbolizes growing frustration that the bailout hasn't loosened credit for ailing businesses.