Posted by: twotrees | January 31, 2009

Let’s Lynch Merrill

Today I learned what many knew last Friday – that Merrill Lynch executives  paid out billions in bonuses just before being absorbed into Bank of America, after Merrill’s $15 billion net loss in the fourth quarter and as the economy was deteriorating and the government was spending billions to bail out some of the nation’s most prominent financial institutions.

President Obama branded Wall Street bankers “shameful” yesterday for giving themselves these ridiculous over-payments.  It’s good to see a commander in chief become angry with the gluttony that has ruled some corners of corporate America.  As literally millions of people in this country are without jobs, these hyenas act as if they’re at the country club, redecorating their offices and buying the latest this and that.

As for me, I am sick and tired of the lions of American business ruling as they please.  It’s time for a sea change in how things are done and by whom.

Who’s with me?

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