As I have said so many times here, Tom Sowell explains that this is all about those that believe in government using the crisis to expand it even more.
Let's see who was it that threw that party in Sardinia and flew in Jimmy Buffet? Now it seems that Merrill CEO John Thain spent $1.2 M redecorating his office. It was just not usable the way it was. that office did belong to Stan O Neal who was paid over $160 M and pretty well put Merrill on the road to ruin. Now Thain says he will repay the firm for the office, and oh did I mention the $4 Billion bonus pool? All this for a company that had to be sold and rescued by Bank of America. Thain says he told B of A all they needed to know. Gee haven't we seen all this before at Lincoln Savings, ZZZZ Best, Enron etc?
Professor Elam 
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