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more about #greedisgood more comments → SeaBassTian: 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 ... more » BadUncle: One of my clients is an old, conservative and very successful bank. They haven't updated the decor since the 70s. more » dado: 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 ... more » PandoraSpocks: How is it that the only people who claim responsibility for anything these days are terrorist orgaizations? more » Phyllis Nefler: I really want to know what Stan's old office looked like. Pics or it didn't happen. more » Kid Twist: What, no "perfect storm" of something or other? Thain ought to brush up on his victim-speak. more » AndIAmTellingYou: 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.... more » TriedandTrue: Well at least I know where all those funds from my ML 401K fund went.... more » Hydroceph: Does anyone else want to see pictures of this commode with legs? more » mathnet: Feeling a little better about the new office chair I just expensed for $199 + free shipping. more » dado: They could start a bonfire with those inanities. more » FormerEnglishMajor: 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 dolla... more » Perhaps Not: And I'll just go there first, so no one else has to: It really tied the room together. more » Carol Gardens: 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. more » mypupmaxigirl: 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 mak... more » -
#excuses
John Thain and the Art of the Modern Non-Apology Apology
It was a different time. Blame the old guy. I told you everything. Is there an excuse former Merrill Lynch CEO John Thain hasn't trotted out to explain why his fall is not his fault? More » -
#johnthain
John Thain Quits Bank of America, Leaving $87,000 Rug Behind
After details of a spending spree became public, Merrill Lynch CEO John Thain has resigned from his post at Bank of America, which bought his firm in the midst of the Panic of '08. More » -
#johnthain
How an $87,000 Rug Could Take Down Merrill's Boss
They called him "Superthain." John Thain, Merrill Lynch's Clark Kent-lookalike CEO, had the public image of a straight-shooting, clean-living superhero CEO. Billions of dollars in losses haven't stained that, but an $87,000 rug could. More » -
#greedisgood
Even Wall Street Now Hates the Rich
With bonuses slashed, investment bankers are starting to turn on their own. The year money forgot saw a handful of opportunistic contrarians stack up the tall dollars. Now they're getting cut down in the press. More » -
#thepanicof08
Credit Suisse Bankers to Eat Toxic Cake They Baked
Justice so sweet, you can taste it: Instead of cash or stock, bankers at Credit Suisse will get their bonuses in the form of the devalued mortgage bonds they helped peddle. -
#greedisgood
The Bankers' Bonuses
Everyone's mad at John Thain, the Clark Kent-lookalike CEO of Merrill Lynch. He sort-of-but-didn't ask for $10 million for making sure his company survived the financial apocalypse. Now people wonder if any Wall Street banker should get a payout. More »
