More Outrage Over the Merrill Bonuses

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Due you know what I'm talking about?

brad raisin of CA 12:35AM March 15, 2009

These guys are looting the American economy.

Mark Syman of WA 4:47PM March 14, 2009

Have these Executives completely lost their minds? Do the math, $3.6 Billion for 200 executives is $18 million for each Exec. How can any company justify such greed? If the Government doesn't get this money back it will be another case of government falling down without any results just like its feable attempts to address Oil Price Gouging with Oil Company Execs, the Car Company Execs and their mismagement of their companies, the AIG Execs and their greed, on and on... Companies can't make up this type of money and especially before getting bailout money. Why not expand the prison Madoff is in and throw these crooks in also.

Mike N of CA 1:29AM March 14, 2009

Lewis said, in an interview on Bloomberg Tv that he believe in giving executive bonuses, no matter what.

I think Lewis still believe in trickle-down economy.

His arrogance show that he could not survive in this new era.

BoA board should realize the damages and make changes.

jjones2630 of TX 1:33PM March 13, 2009

The "smart boys of Wall Street" couldn't care less about how bad conditions were getting, their advanced knowledge of such conditions allowed them to plan ahead and enrich themselves with bonuses they certainly didn't deserved. I am sure there are enough laws in the books that may serve to prosecute these bastards and put them in jail ---- where they belong.

Hugo Zamorano of FL 1:32PM March 13, 2009

These were illegally begotten boni with full knowledge of the criminal intent. We also need to clawback boni for the last 3 years from all Wall Street firms that have gotten Federal money. NOW!!!

AgentG of TX 11:28AM March 13, 2009

Thane and Lewis should join Berni Madoff in jail- they could play three-handed liers polker together

bob of NY 10:55PM March 12, 2009

Obviously Merril Lynch was giving away our money, they were bought out & had nothing to lose, but Bofa is the exact opposite, no reason to approve & a lot to dissapprove. Bofa would stand to gain nothing from the bonuses given out at Merrill, they would not even gain the appreciation of the ones getting the bonuses because it was Thain who was handing them out. It is also extremely doubtful that Bofa would appreciate an additional 3.6 billion in losses. Merrill obviously paid the bonuses out BEFORE the acquisition date because AFTER the acquisition date Bofa would not have allowed it, just as they would not agree to a 40 million bonus for that nitwit Thain. Bofa wanted out of the deal but went ahead because of the repercussions of a complete failure by Merrill, as we saw when Lehman went under, & because of some pretty strong governmental urging. I would suggest that Mr. Cuomo give Bofa the benefit of the doubt unless some sort of real evidence emerges that would support his allegations. I also don't understand why Bofa releasing the names & amounts but asking for confidentiality seems to be out of the question.

Stuart of FL 8:41PM March 12, 2009

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Rick Newman

Rick Newman

The global economy is mysterious, even scary. Chief Business Correspondent Rick Newman connects the dots. In addition to his writing for U.S. News, Rick is the co-author of two books: Firefight: Inside the Battle to Save the Pentagon on 9/11, and Bury Us Upside Down: The Misty Pilots and the Secret Battle for the Ho Chi Minh Trail.


Read Rick's latest blog entries here.

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