Hand the man in the fedora, a cigar!
[excerpt]
Here's the facts, ma'am.
Thain was CEO of Merrill Lynch, the big brokerage firm.
On a good day, Merrill is worth zero.
A week before it was about to go out of business, Thain sold this busted bag of financial feces to Bank of America for $50 BILLION.
I'd say that's worth a bonus.
But it gets better. When the bag broke and another $5 billion in losses were discovered at Merrill, Thain went to the U.S. Treasury and got ANOTHER $20 BILLION to cover Bank of America's bad financial bet -- from us, the taxpayers.
Now that certainly deserves a bonus. And let's face it, a butthole that big needs a $35,000 toilet.
Why Hell! It's Greg Palast with the Suicide Girls!
[excerpt]
Here's the facts, ma'am.
Thain was CEO of Merrill Lynch, the big brokerage firm.
On a good day, Merrill is worth zero.
A week before it was about to go out of business, Thain sold this busted bag of financial feces to Bank of America for $50 BILLION.
I'd say that's worth a bonus.
But it gets better. When the bag broke and another $5 billion in losses were discovered at Merrill, Thain went to the U.S. Treasury and got ANOTHER $20 BILLION to cover Bank of America's bad financial bet -- from us, the taxpayers.
Now that certainly deserves a bonus. And let's face it, a butthole that big needs a $35,000 toilet.
Why Hell! It's Greg Palast with the Suicide Girls!
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