Banks Spend TARP Funds on Anti-Consumer Lobbying CampaignJust like high school. If the rich kid asks for a buck, you have to give it to him because he's rich. You know he's good for it, right? And then you never see it again. If the poor kid asks for a buck you don't give it to him because he's poor and has no way of ever paying you back.
Last month, the Huffington Post’s Sam Stein reported that three days after Bank of America accepted $25 billion in TARP funds, it hosted a conference call with movement conservatives and business heavyweights in order to organize opposition to the Employee Free Choice Act, a key bill intended to protect the right of workers to organize and join unions. Two weeks later, Change to Win discovered that the Financial Services Roundtable, a financial industry lobbying group whose members received 78% of the hundreds of billions of dollars distributed by the TARP program, intended to host a meeting of CEOs at a $530/night resort on the Gulf of Mexico, where they could coordinate their anti-worker lobbying campaign.
And no matter how annoying, nobody beats up the rich kid because he's, well, rich. Anybody can punch the poor kid. Unless the rich kid hits all the people poorer than he. Eventually the group will get fed up, band together, and beat him within an inch of his life.
The United States might just be one food shortage away from revolution right now.
Torches.
Pitchforks.
Guillotines.
2 comments:
Count me in! Business should remember the labor riots from history.
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