It seems like much of the political leadership in the country wants to ignore the deep outrage still being felt across the country in the wake of the nonsense, greed and incompetence on Wall Street. Except one judge: Giving voice to the anger and frustration of many ordinary Americans, Judge Jed S. Rakoff issued […]
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Jonathan Tasini's Ruminations on Work, The Economy, and PoliticsTag Archive | "Merrill Lynch"
Bernanke and Paulson Covered It Up
Posted on 23 April 2009.
Though not surprising, this is still a fairly damning revelation, in this morning’s Wall Street Journal: Federal Reserve Chairman Ben Bernanke and then-Treasury Department chief Henry Paulson pressured Bank of America Corp. to not discuss its increasingly troubled plan to buy Merrill Lynch & Co. — a deal that later triggered a government bailout […]
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Merrill Makes AIG Look Like Small Potatoes
Posted on 31 March 2009.
Those poor AIG executives–they must be pissed about getting all the heat from walking away with a paltry $165 million in bonuses while the folks at Merrill Lynch managed to cart away twenty times that amount just as the government was crafting its takeover by Bank of America. Remember, Merrill had just posted […]
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Jail Times Or Hang Them?: CEO Greed, Vultures Circling
Posted on 05 March 2009.
While they were taking from others, raiding the coffers of corporate treasuries, people suffered throughout the nation. And, even now, they are circling like vultures to pick at the carcasses of their victims. First, we learn from The Wall Street Journal about "Wall Street’s $10 Million Men": As bad as 2008 was for Merrill […]
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The Greed Continues: $121 Million For FOUR Merrill Execs
Posted on 12 February 2009.
To the question "have they no shame?" we already know the answer. And as we dig deeper and scrape the bottom of the barrel where the bottom-feeders have been lurking, we learn more about the immoral behavior of the incompetent, greedy elites. Today, the the tally is $121 million for FOUR–count ’em, FOUR–Merrill Lynch executives. […]
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Imploding Wall Street
Posted on 15 September 2008.
Yours truly is hitting the road early and so will be out of reach for the morning of all the websites and news…good thing…because when the market opens at 9, all hell is going to break loose. I’m not sure how many people on Main Street understand the deep panic underway among the financial […]
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