Merrill Lynch Bonuses Dwarfed Those of AIG
If the AIG bonuses produced angry street protests over $165 million, then what’s going to be the response to the latest revelation that Merrill Lynch doled out $3.6 billion to executives after the federal government propped up the teetering firm with $10 billion? Rep. Dennis Kucinich (D-OH) is incensed, having shot off a letter Monday afternoon to Ben Bernanke, chairman of the Federal Reserve, Neel Kashkari, Interim Assistant Director of Financial Stability at the Treasury Department, and Ken Lewis, CEO of Bank of America, requesting documents related to communications on Merrill Lynch compensation packages. SOURCE...
Where Is the Money Going?
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