Joe Carraro discusses the fall of Merrill Lynch, the Wall Street firm he worked for as a stockbroker. He compares the greed and ineptitude of Thain and his crew with the hard-working men who founded and ran the firm for generations only to let these executives lose it on risky bets and come out ahead while the firm's remains are bought by Bank of America and Thain goes on to CIT
Good story. It lets people know why those with Occupy Wall Street started there. it's a shame how times have changed and how these people have become so corrupt and greedy that they can't even figure out a way to spend all that money, so they waste it while people are losing there jobs and their homes. Since Congress allowed this to happen that's where we need to start to fix it. Maybe then we can take this people to justice. It's just a shame what has happened.
smertary 3 months ago
It's incredible that the boards of directors hire these thieves. And there is no shame. They just go to another high paying job.
7676mark 1 year ago