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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: stockman_scott who wrote (191605)3/18/2009 11:11:13 PM
From: geode00Respond to of 306849
 
Judge: Merrill Lynch bonus info must be disclosed

By IEVA M. AUGSTUMS – 6 hours ago

CHARLOTTE, N.C. (AP) — A New York state judge on Wednesday ordered Bank of America Corp. to disclose information about bonuses given to employees at Merrill Lynch & Co. just before the bank bought the brokerage company....

google.com

I think the only way to rid us of moral hazard in the banking industry is to call the loans, let them fail...too late for some but not for all.

They aren't trustworthy today, they are still gaming the system charging more than they might have in the past for debt because there are fewer players in town.