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Pastimes : Discussion Thread -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (3162)	1/24/2009 2:51:10 PM
From: tejek	Read Replies (1) \| Respond to of 3816

...I've actually developed quite a bit of sympathy for Mr. Thain. After all, he didn't create the mess at Merrill Lynch; rather, he was brought in to clean up after Stan O'Neal's MBS binge led to predictable results--all over the trading floor. Given the situation in the markets, and the balance sheet he was handed, I'm not sure how anyone could have expected Mr. Thain to do better at the core mission he was hired for: taking care of his shareholders and employees... As Merrill was falling apart and losing billions, Thain ordered a $1.2 million renovation of his offices. And you think he deserved that? Rather than discussing this further, you might want to look at why you continue to defend the indefensible and why you can't accept there is something wrong in this country with its economic system, its free markets and its capitalism.