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Ruby the Liberal

(26,216 posts)
17. And don't forget John Thain (Merrill)
Mon Mar 21, 2016, 08:10 PM
Mar 2016

In December 2008, this weeks-from-unemployment for running ML into the ground (and arms of BoA) assclown presented the argument to the board that he should be awarded a $10mm bonus (!) because it could have been worse.

I only wish I was kidding.

Boggles the mind...

I saw it...and we will get screwed again, worse than before. Punkingal Mar 2016 #1
Right. elleng Mar 2016 #2
They got a new fancy name nadinbrzezinski Mar 2016 #3
Saw that. highoverheadspace Mar 2016 #20
yup nadinbrzezinski Mar 2016 #21
I have read the book multiple times, movie coming from NetFlix Wed. longship Mar 2016 #4
CBOs???? longship Mar 2016 #5
and none of the Wall Street slime went to jail pfitz59 Mar 2016 #6
To hell with the sellers. longship Mar 2016 #8
And don't forget John Thain (Merrill) Ruby the Liberal Mar 2016 #17
There should have been frog marches out of the ratings agencies.... Spitfire of ATJ Mar 2016 #9
Excellent summary. JDPriestly Mar 2016 #10
Ya gotta love it Ruby the Liberal Mar 2016 #18
Seriously, a good movie. K&R nt killbotfactory Mar 2016 #7
If CDOs are properly rated and properly tranched, I don't see much of a problem jmowreader Mar 2016 #11
They weren't properly rated, they never will be when ratings agencies are afraid onecaliberal Mar 2016 #12
usually the funds HIRE the ratings agencies--no conflict there! n/t librechik Mar 2016 #15
Should be "must see" for all Americans. Saw it a couple days ago, great movie. Scuba Mar 2016 #13
Here's what I don't get: I loan you money, and two people who have nothing to do with us hedgehog Mar 2016 #14
How in the hell is that legal. onecaliberal Mar 2016 #16
Thanks for the reminder Ruby the Liberal Mar 2016 #19
Be prepared to get pissed and have your mind blown several times at the fact onecaliberal Mar 2016 #22
This is the first time my husband told me to keep the DVD hedgehog Mar 2016 #23
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