Comments on: Merrill CEO Out After Big Mortgage Loss

Brokerage's $2.24B Quarterly Loss Biggest In 93-Year History; Ouster Was Expected

[reporter2111]

A Picture Is Worth A Thousand Words...
www.poconocommunitynews.com

[ov442]

Well its already gotten rediculous.
The Federal government is supposed to protect the consumer from predatory business and business that proceeds with illegal and ill-conceived plans and money making schemes.
It comes in the form of law, which establishes oversight committees, and Federal departments whose job it is to keep business entities in check.
Its time they began to do their job again. This 7 yr hiatus from keeping these industry whackos from using created accounting and business practices to both fraud the public and fool the stockholders needs to end so we can restore order in our Great nation again and stem the tide of more economic disaster from occurring

[walt1944-2009]

It has been learned that O''Neal is being offered a job in the Emperor Bush II Court doing public relations work for FEMA! The Emperor Bush II expects "Stannie" to do a great job and to ultimately move on to become CEO at the World Bank following in the footsteps of other grand appointees to that lofty position by the Great Emperor Bush II!

SIG HEIL, BUSH!!!

[oscarez]

Posted by shanev137
People with bad credit have ruined the whole world.

$915 billion in credit card debt and negative savings rates in the U.S.. $95 dollar crude oil. Well folks it was fun while it lasted.

[jon_mccain]

This is the priceless moment when our free-market capitalists go into hiding. Gone is their brass band and confetti parade. Once again, they must acknowledge Killer Capitalism.
Posted by alphaa10

They can still insource an Indian band on H1Bs and throw Chinese confetti.

[jon_mccain]

The fact that he gets $200,000,000 for causing $8 billion in losses doesn''''t hurt anyone but the stock owners. I don''''t care how much he gets paid since I don''''t own the stock.
Posted by random_radar

Random, his bad decisions (for which he was generously rewarded) will eventually filter down to the employees in the form of layoffs.

[random_radar]

The fact that he gets $200,000,000 for causing $8 billion in losses doesn''t hurt anyone but the stock owners. I don''t care how much he gets paid since I don''t own the stock.

If you own the stock, its your own problem because, well, you are an owner and you need to either manage your CEO better or choose better investments.

[alphaa10-2009]

This is the priceless moment when our free-market capitalists go into hiding. Gone is their brass band and confetti parade. Once again, they must acknowledge Killer Capitalism.

They blame it all (of course) on the feeding frenzy of speculation, of being the last in the herd, and first to be set upon by market mechanics. "Too bad," Bernanke says. "How unfortunate."

But fortune has little to do with it. Capitalism is not a benevolent system in the raw, and everyone knows it is kill-or-be-killed (often zero-sum) by design.

While those who still can play the market claim ours is the greatest country and economic system in the world, they cannot account for a huge and widening gulf between a monied minority, and what is left of the American middle class.

Nor can they explain why third-world scenes haunt our major cities, with people eating garbage and sleeping over grates (if they are lucky). Or why Americans spend 2.5 times more than EU citizens for what is called "healthcare"-- yet our infant mortality lags behind Cuba.

Capitalism is not a doctrine delivered on golden tablets from above, but a system whose imperfections require constant effort to overcome. To the True Believers of left and right goes this challenge-- we must renovate the American economic system to benefit all Americans by something far better than promises of "rising tides" and trickledown effects.

[oscarez]

ozilot ... Well said. To bad MBA Bush is calling the shots at the FED. He is running the government like it''s a bankrupt company and will do whatever it takes to stay in business. The rich get richer, the rest of us lose or 401K''s. I fear Merrill Lynch & Co. is just the tip of the iceberg.

[allunknowing]

Wow, even when he gets fired, he gets madd paid. And the rich get richer. Awesome.

"You''re fired! But lucky you, your lottery ticket was a winner! Don''t forget to pick up your severence pay; $200 million dollars"

I hope he has to make a lifestyle change to manage that salary cut. Must be hard living on $48,000,000 a year.