by Jack
A recent study says most of the banking executives that presided over the subprime mortgage and housing meltdown are still on the job and still drawing mega salaries.
CEO John Thain from Merrill Lynch was put on the spot when asked by reporters why he spent 1.2 million on his office renovations when his company was going broke. His response was, he found it difficult to work in the old office inviroment. Thain is one of the few that is now unemployed. Bank of America purchased the bankrupt Merrill Lynch brokerdage firm with bailout money, but can’t justify why, a stockhold class action suit has now been filed against B of A’s CEO.