"Merrill Lynch bonuses totaled $3.6b" by Bloomberg News | February 12, 2009
NEW YORK - Merrill Lynch & Co.'s top four bonus recipients got a combined $121 million just before the firm was acquired by Bank of America Corp., according to New York Attorney General Andrew Cuomo.
In all, Merrill "secretly and prematurely" awarded $3.6 billion in bonuses, with Bank of America's "apparent complicity," Cuomo said in a Feb. 10 letter to Representative Barney Frank, the Massachusetts Democrat who heads the House Committee on Financial Services. The letter was made public yesterday as chief executives from the eight largest US banks face off against lawmakers at a committee hearing in Washington....
--more--"They should be proud; this was the GREATEST LOOTING JOB in the HISTORY of MANKIND -- and it is NOT EVEN OVER YET!!!
Oh, what to do, what to do....
The Chinese Solution to Wall Street's Woes
The Indian Solution to Wall Street's Woes
No Bailout ! "They Will Kill You!
Then let us EAT 'EM!!!!!!!!!!!!!!!!!!!!!!!!