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New York, 4:54 AM
Fri Nov 27
11 posts in the last 24 hours

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  • posts about #greedisgood more →

    John Thain and the Art of the Modern Non-Apology Apology

    John Thain Quits Bank of America, Leaving $87,000 Rug Behind

    How an $87,000 Rug Could Take Down Merrill's Boss

    Even Wall Street Now Hates the Rich

    Credit Suisse Bankers to Eat Toxic Cake They Baked

    The Bankers' Bonuses
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    Dsmvwl  Admin  Promote to frontpage Approve user Ban user ×
    Image of SeaBassTian SeaBassTian
    01/27/09

    In reply to John Thain and the Art of the Modern Non-Apology Apology
    I would think that paying employees $4 billion in bonuses in December before BoA closed on the acquisition would be evidence of illegal activity. I'm no expert, but I would compare it to the bloody glove at a crime scene. Then again, our legal system let that damn piece of evidence slip slide away.
     Reply
    SeaBassTian was starred SeaBassTian was unstarred
    Image of BadUncle BadUncle
    01/27/09

    In reply to John Thain and the Art of the Modern Non-Apology Apology
    One of my clients is an old, conservative and very successful bank. They haven't updated the decor since the 70s.
     Reply
    BadUncle was starred BadUncle was unstarred
    Image of Hydroceph Hydroceph
    01/27/09

    @BadUncle: That's why they have money.
     Reply
    Hydroceph was starred Hydroceph was unstarred
    Image of dado dado
    01/27/09

    In reply to John Thain and the Art of the Modern Non-Apology Apology
    As Michael Lewis pointed out..."Bad guys did not suffer their comeuppance in Act V on the 41st floor." I'm certain that the folks observing the furor precipitated by their actions do so with bemused detachment.
     Reply
    dado was starred dado was unstarred
    Image of PandoraSpocks PandoraSpocks
    01/27/09

    In reply to John Thain and the Art of the Modern Non-Apology Apology
    How is it that the only people who claim responsibility for anything these days are terrorist orgaizations?
     Reply
    PandoraSpocks was starred PandoraSpocks was unstarred
    Image of Phyllis Nefler Phyllis Nefler
    01/27/09

    In reply to John Thain and the Art of the Modern Non-Apology Apology
    I really want to know what Stan's old office looked like. Pics or it didn't happen.
     Reply
    Phyllis Nefler was starred Phyllis Nefler was unstarred
    Image of Hydroceph Hydroceph
    01/27/09

    @Phyllis Nefler: I still want to know what a commode on legs or whatever it was looks like.
     Reply
    Hydroceph was starred Hydroceph was unstarred
    Image of rollergirl76 rollergirl76
    01/27/09

    @Phyllis Nefler: I heard it was painted red with a billiards table and a giant stuffed camel.
     Reply
    rollergirl76 was starred rollergirl76 was unstarred
    Image of Kid Twist Kid Twist
    01/27/09

    In reply to John Thain and the Art of the Modern Non-Apology Apology
    What, no "perfect storm" of something or other? Thain ought to brush up on his victim-speak.
     Reply
    Kid Twist was starred Kid Twist was unstarred
    Image of HiredGoons HiredGoons
    01/27/09

    @Kid Twist: it was a 'perfect storm' of greed, incompetency, and apathy with a 35% chance of douchebaggery.
     Reply
    HiredGoons was starred HiredGoons was unstarred
    Image of AndIAmTellingYou AndIAmTellingYou
    01/22/09

    In reply to John Thain Quits Bank of America, Leaving $87,000 Rug Behind
    You're so Thain, you prob'ly think this rug is about you

    You're so Thain.

    You prob'ly think this rug is about you,

    Don'tchu, don'tchuuuu....
     Reply
    AndIAmTellingYou was starred AndIAmTellingYou was unstarred
    Image of TriedandTrue TriedandTrue
    01/22/09

    In reply to How an $87,000 Rug Could Take Down Merrill's Boss
    Well at least I know where all those funds from my ML 401K fund went....
     Reply
    TriedandTrue was starred TriedandTrue was unstarred
    Image of Hydroceph Hydroceph
    01/22/09

    In reply to John Thain Quits Bank of America, Leaving $87,000 Rug Behind
    Does anyone else want to see pictures of this commode with legs?
     Reply
    Hydroceph was starred Hydroceph was unstarred
    Image of BadUncle BadUncle
    01/22/09

    @Hydroceph: the proper question is "who doesn't?"
     Reply
    BadUncle was starred BadUncle was unstarred
    Image of Smith Smith
    01/22/09

    @BadUncle:


    sounds like it was a console not a commode they need to learn their furniture terms

     Reply
    Smith was starred Smith was unstarred
    Image of scarletmenace scarletmenace
    01/22/09

    @Hydroceph: If that $35K commode kept him from pooping on the $87K rug even once that baby paid for itself.
     Reply
    scarletmenace was starred scarletmenace was unstarred
    Image of Hydroceph Hydroceph
    01/22/09

    @Smith: I'm not sure what's worse, conspicuous consumption (that i'm not a part of, i mean), or stupid conspicuous consumption.
     Reply
    Hydroceph was starred Hydroceph was unstarred
    Image of mathnet mathnet
    01/22/09

    In reply to John Thain Quits Bank of America, Leaving $87,000 Rug Behind
    Feeling a little better about the new office chair I just expensed for $199 + free shipping.
     Reply
    mathnet was starred mathnet was unstarred
    Image of Pope John Peeps II Pope John Peeps II
    01/22/09

    @mathnet: SHIPPING. You. Goddamn. Communist. Bastard.
     Reply
    Pope John Peeps II was starred Pope John Peeps II was unstarred
    Image of mathnet mathnet
    01/22/09

    @Pope John Peeps II: To each, according to his or her aching back.
     Reply
    mathnet was starred mathnet was unstarred
    Image of SylviaPlathWasFramed SylviaPlathWasFramed
    01/22/09

    I fee@mathnet: You've inspired me to buy the $14.99 alpha project separator I've been eyeing on Staples.com all morning. Consumer goods for everyone!
     Reply
    SylviaPlathWasFramed was starred SylviaPlathWasFramed was unstarred
    Image of mathnet mathnet
    01/22/09

    @SylviaPlathWasFramed: Yay!
     Reply
    mathnet was starred mathnet was unstarred
    Image of dado dado
    01/22/09

    In reply to John Thain Quits Bank of America, Leaving $87,000 Rug Behind
    They could start a bonfire with those inanities.
     Reply
    dado was starred dado was unstarred
    Image of FormerEnglishMajor FormerEnglishMajor
    01/22/09

    In reply to John Thain Quits Bank of America, Leaving $87,000 Rug Behind
    It wasn't just the rug. He also moved up Merrill Lynch (not B of A) bonuses from January to December, so that they'd get paid out (with taxpayer dollars) before the ginormous 4Q losses were announced and bonuses zeroed out.


    That, to me, is far, far more egregious. That Ken Lewis and the board approved them means they should go too.

     Reply
    FormerEnglishMajor was starred FormerEnglishMajor was unstarred
    Image of OwenKlient OwenKlient
    01/22/09

    @FormerEnglishMajor: I can't believe the audacity of these people. $4 Billion in bonuses to retain the talent? Where the hell are they going? The whole economy is suffering, and they will have stiff competition from all the other tanking and downsizing firms if they decide to jump ship.

    This is nothing more than pure greed and playing the taxpayers for suckers. These people need to go jail or at the very least be forced to feel the consequences of such stunningly bad decisions by having their bonuses stripped away and their multi-million dollar appointments sold at auction.
     Reply
    OwenKlient was starred OwenKlient was unstarred
    Image of Hydroceph Hydroceph
    01/22/09

    @OwenKlient: Indeed, had they any talent, would their company be in the...commode with legs?
     Reply
    Hydroceph was starred Hydroceph was unstarred
    Image of Perhaps Not Perhaps Not
    01/22/09

    In reply to John Thain Quits Bank of America, Leaving $87,000 Rug Behind
    And I'll just go there first, so no one else has to:


    It really tied the room together.

     Reply
    Perhaps Not was starred Perhaps Not was unstarred
    Image of rollergirl76 rollergirl76
    01/22/09

    @PerhapsNot: Fucking A, man.
     Reply
    rollergirl76 was starred rollergirl76 was unstarred
    Image of depardoo depardoo
    01/22/09

    @PerhapsNot:


    Do you think he got a chance to micturate on it before he left?

     Reply
    depardoo was starred depardoo was unstarred
    Image of Clarence Rosario Clarence Rosario
    01/22/09

    @PerhapsNot: Not on the rug, man.
     Reply
    Clarence Rosario was starred Clarence Rosario was unstarred
    Image of son of spam son of spam
    01/22/09

    @depardoo: Merrill is more of a #2 kind of place.
     Reply
    son of spam was starred son of spam was unstarred
    Image of Perhaps Not Perhaps Not
    01/22/09

    @son of spam: You think the carpet shitters did this?
     Reply
    Perhaps Not was starred Perhaps Not was unstarred
    Image of depardoo depardoo
    01/22/09

    @son of spam:


    Gross, but good, point. This aggression shall not stand.

     Reply
    depardoo was starred depardoo was unstarred
    Image of Carol Gardens Carol Gardens
    01/22/09

    In reply to How an $87,000 Rug Could Take Down Merrill's Boss
    I hope to see a Keno twin on the news tonight explaining what a commode is...the kind that has nothing to do with bathrooms.
     Reply
    Carol Gardens was starred Carol Gardens was unstarred
    Image of mypupmaxigirl mypupmaxigirl
    01/22/09

    In reply to How an $87,000 Rug Could Take Down Merrill's Boss
    Leave it to Gasparino to dig up the dirt...He reminds of the annoying guy in the office that loves to stir up the pot, for no other reason than to make himself look like a hero. Let Thain have his rug, fool...He's worked hard over the years and has taken unbelievable risks.
     Reply
    mypupmaxigirl was starred mypupmaxigirl was unstarred
    Image of Carol Gardens Carol Gardens
    01/22/09

    @mypupmaxigirl: Oh please, let me enjoy this recession just a little bit. Like when everyone is screaming at each other on CNBC.
     Reply
    Carol Gardens was starred Carol Gardens was unstarred
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