Thursday, January 22, 2009

Should Merrill Lynch Be Allowed to... blatantly undermine and even defraud taxpayers.

This story absolutely sickens me.

It perfectly represents the very type of underhanded greed that advanced many of the current financial industry problems and failures.

The Treasury Department and Obama Administration should move boldly in addressing this travesty and refuse to allow either Merrill or BoA any access to federal taxpayer monies until these bonuses are revoked (and by the way, bonuses for what? screwing up your decades-old company? geez.)

UPDATE: New York's AG (and Senator-seeker) Andrew Cuomo will investigate these bonuses. Maybe disrupting this fraud has some traction after all...