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| Home Front: Politix |
| Cuomo wins ruling to name Merrill bonus recipients |
| 2009-03-24 |
| Andrew M. Cuomo is starting to unearth some of the most closely guarded secrets on Wall Street: the identities of Merrill Lynch employees who collected large bonuses even as the brokerage firm lost billions. Mr. Cuomo, the New York attorney general, won a legal battle on Wednesday to compel Bank of America, which bought Merrill in December, to provide his office with the names of the Merrill employees with the 200 largest bonuses. Mr. Cuomo said he would make the names public as early as Thursday. He also vowed to identify publicly the employees who had received bonuses at the American International Group, whose payouts prompted an uproar, and to work with other financial companies that have received taxpayer dollars to consider disclosing more about employee compensation. Mr. Cuomo pledged to press ahead with his effort even as Edward M. Liddy, the embattled chief executive of A.I.G., told Congress on Wednesday that some A.I.G. employees received death threats in recent days as the public furor over pay escalated. |
| Posted by:Fred |
| #5 Many of the AIG bonus recipients returned the money in exchange for silence on their names. I imagine this would work on others as well. So protection payments are OK, as long as long as they are paid to the O? And ditto what SteveS said. I grant you that bonuses to incompetents and pirates are wrong, but this whole stirring up the masses thing is worthy of a Third World country -- and is eventually going to get people hurt or killed. |
| Posted by: Gabby 2009-03-24 15:37 |
| #4 Many of the AIG bonus recipients returned the money in exchange for silence on their names. I imagine this would work on others as well. |
| Posted by: Thealing Borgia122 2009-03-24 15:11 |
| #3 Cuomo was head of HUD under Clinton when he pressed Fannie and Freddie to take on more systemic mortgage risk (sub-prime and no docs). He is another of the teflon people which need to be brought to citizen enforced justice. |
| Posted by: Jack is Back! 2009-03-24 13:36 |
| #2 The inner circle is reserved for traitors which seems to include a substantial number of politicians in name or behavior. |
| Posted by: Procopius2k 2009-03-24 09:33 |
| #1 Good. Now we can declare them Enemies of The People and curse them on our daily Two Minute Hate. Or maybe just hunt them for sport. Philosophical Question: is there a special Circle of Hell reserved for grandstanding, grasping politicians? |
| Posted by: SteveS 2009-03-24 08:42 |