by Jack Lee
From Today’s News: I told you there had to be more to the story about Bank of America buying up Merrill Lynch, this was such an incredibly bad deal. When Bank of America found out the extent of Merrill’s financial condition they tried to back out, but YOUR government stepped in and said you can’t do that! You have to buy Merrill and we’ll give you the money to make it right! So B of A said, ok fine, we’ll buy it and they got bailout money to do it. Right before the deal went through Merrill ($15 billion in the hole for mismanagement) handed out tens of millions in bonuses to it’s top managers. Now you know the whole story.