Thursday, as you know, Wisconsin unions members threatened to remove their money from M&I bank, whose execs gave heavy campagin donations to Wisconsin's anti-middle-class governor, Scott Walker (who signed a bill Friday that reduces public employees' right to collectively bargain for decent benefits and wages).
M&I's response to the boycott threat begins:
"M&I has not taken, and will not take, a position either for or against the budget repair bill. As M&I has publicly stated before: M&I has not contributed to any candidate and did not contribute to Governor Walker or Mayor Barrett in the last gubernatorial election...."
I must interject. Corporations are legal fictions: they can't do anything, anymore than cars can drive themselves. It's the people who run coporations that do things (or don't) in a corporation's name, like puppeteers. M&I's response continues:
"M&I employees contributed to both Wisconsin gubernatorial candidates in the last election."
From M&I's puppeteers, the anti-middle-class governor got 183 donations ($85,000); his opponent, Tom Barrett, got 68 donations ($16,000) [data from the Wisconsin Democracy Campaign].
Given the dollar amounts (if I correctly pasted them into Excel), one could say that the M&I puppeteers who donated to the gubernatorial campaigns were 5-to-1 in favor of the anti-middle-class governor.
In November of 2008, M&I received $1.7 billion in loans from us taxpayers through ex-President Bush's bank bail-out program (TARP). Back then, M&I's puppeteers were eager to receive hefty quantities of tax dollars. Now, they just don't care whether Wisconsin's teachers and garbage collectors get a share--and in exchange for real work, no less.
Incidentally, M&I's puppeteers have failed to pay us back. At the same time, they managed to pay themselves--in part, using money they borrowed from us. It gets worse.