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Merrill Lynch took TARP then Gave $3.6 Billion in Bonuses despite losing $15Billion for the Quarter

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Uploaded by on Feb 11, 2009

After saying they needed bail out monies (and receiving it), Merrill Lynch then gave out over $250,000,000 early bonuses to the top 14 executive despite the company performance of losing $15,000,000,000 for the Quarter and losing $27,000,000,000 for the year. Now they're at a congressional hearing to explain how they used the TARP bail out money

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  • And absolutely nothing has been done to prevent this from happening again. Not a single bank in Canada failed. This was not necessary. This was thief plain and simple. I will never understand why these guys are not in jail. I will never understand why these guys are not in jail. I will never understand why these guys are not in jail.

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