Merrill Lynch downturn bonuses made millionaires

With Bush and Paulson in office robbing the treasury I am not surprised, just think of how much kick back Bush and Paulson made on that deal.

They deserve to fail. period. What happened to the free-market, conservative ideals that deregulated the market to make all these failure possible in the first place. These bankers only want the market to be "free" of federal regulations as long as they are profitable. But, as soon as there performance started to suck and the market started to tank, they came running home to momma with their hands out. They were wrong. They were greedy. They are failures. They should give the money back and find a new line of work. The line starts in the rear.

Barney Frank asking"Do you really need a bonus to do your jobs"? That pot calling the kettle black here.

Barney, Chris Dodd, and many others got HUGE bonuses from Fannie Mae.

Disgusting people, all of them make me sick.

Taxes this year are going to kick my ass...

RAAAAHHHHHHH!!!!!!

I had to re-read this... over... 5 times.

sick.

Man, it is disgusting the way they blatantly worked to direct as much money in the direction of their own interests with a complete disregard for the American economy's sustainability.

Call the headsman.

They're panicking. They're greedy and trying to milk this dire economic situation for as much as they can because they fear they won't get that lifestyle back. They're going to make a lot more enemies this way, because they are not entitled to any more money than anyone else is. The entitlement they feel is self-imposed.

Greedy. Selfish. Antagonistic. Pitiful.

They're panicking. They're greedy and trying to milk this dire economic situation for as much as they can because they fear they won't get that lifestyle back. They're going to make a lot more enemies this way, because they are not entitled to any more money than anyone else is. The entitlement they feel is self-imposed.

Greedy. Selfish. Antagonistic. Pitiful.

F*CK BANK OF AMERICA. If you have your money with them, TAKE IT OUT and put it somewhere else. There are many other smaller banks that still retain good ratings. But Bank of America is one of the major contributors to this crisis. And their knowing purchase of LaSalle Bank for $21 BILLION, Countrywide Financial (responsible for a huge amount of those sub prime loans and faulty securities sold internationally) for $4.2 BILLION, and Merrill Lynch....F*CK THESE PEOPLE. Thain and Lewis....I hope someone sets you on fire with Styrofoam and gasoline.

They knew all along, and now play Americans and the WORLD for fools. Bank of America needs to die. They made these acquisitions of toxic banks to make themselves "too big to die". They are 100% pure evil. Remove your money from these institutions!

http://bx.businessweek.com/bank-nationalization/reference

There should be 696 new prison beds awaiting their arrival........

Socialism for the wealthy at tax payers expense...
we have lost faith in the sytem!

696, huh? i believe the middle digit is upside-down

fuck ML

they laid off my dad twice, and he is a top producer in our area.

i hope ford makes a rocket car when they get their bailout money!!!!

Why are any of you surprised? It was so obvious as to why Bush and Co. wanted to pass their $700 billion stimulus bill when they were in office.

Let the banks fail and protect those other banks that haven't done anything wrong or unethical.

Let's start a revolt don't pay your taxes until they give you a million.Just think what that would do to the economy all receive a million dollars payoff your mortage,buy a new car and if you don't have a house people would buy one really getting our country back in shape.

And ppl are STARVING.

The choice is new world socialism or old world
capitalism. New fair and regulated competition for business to create green sustainable lifestyles or old ways bogged down by monopolies and centralized money cultures.
new world socialism that creates heath care and education opportunities or old world capitalism that creates unneeded wars, profiteering and bailouts for duplicitous money cultures - banking, mortgauge industry etc. We are at a historic crossroads- we create a new better model for all or continue the old model that benifits the few!

This is despicable. And there is still no paper trail for how that first bailout was spent... we need citizen-minded politics! Why should some get high on the hog when others are struggling?

I really hate big corporations. and corruption in government.

when will the people take this country back?

@bansheewail --

back to back stories featured? AWESOME!

this headline was a little cut off too, so i shortened it a bit. sorry about this.

here's your original:

"Merrill Lynch bonuses made 696 millionaires during downturn: probe"

Let me know if you have questions,

mario

Good for them! Over many decade they made multit-Trillions profits for Americans. Put the blame were it belongs, Acorn (Obama), and Barny Franks in Bed with FM.

They should pay it back...lol!