Bill Mahr named them best. Skank of America!
They lied to shareholders when they said they wouldn’t do such a thing… but did so anyway.
I say $33 million is a paltry sum for a bank of this size. But what are you gonna do? Obviously they can do what they wanna anyway. If they fired the people who made the decisions to pay the Merrill bonuses, I’m sure they would have walked away with more than $33 million in separation compensation.
As for the American tax payer? BOHICA buddy! That stands for: Bend Over! Here It Comes Again!
Thanks for you post. Very interesting. I have a few posts on the topic, in case you are interested.