Chicago sit-in exposes depths of credit-market woes

12/11/2008 | Wall Street Journal (free content), The

A band of laid-off workers in Chicago are focusing national attention on a question that has bothered entrepreneurs for weeks now: What happened to the bailout money that was supposed to get credit markets moving again? Some 300 workers at Republic Windows and Doors refused to leave the factory after Bank of America cut off financing, despite the $25 billion it received from the Treasury Department. "Banks are hoarding cash, and the influx of government money won't necessarily change their plans," says BusinessWeek bureau chief Dean Foust.

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Wall Street Journal (free content), The

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