Tuesday, March 31, 2009

Kucinich to probe $3.6 billion in bonuses at Merrill Lynch

Even as Merrill Lynch & Co. bled money and warily eyed a merger with Bank of America, company executives were preparing for a windfall. Following the federal government's promise of $10 billion in TARP funds to buoy the ailing firm, Merrill paid out $3.6 billion in bonuses: a package 22 times larger than compensation given by AIG.

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