Forget about that Jon Stewart vs. James Cramer noise…who cares?
The real action is taking place in the New York State Attorney General’s Circle of Death between Andrew Cuomo aka Spitzer 2.0 and Merrill Lynch aka the Hamburglar of Wall Street.
From DealBook (NYT)
The office of Attorney General Andrew M. Cuomo filed lengthy documents in New York State Supreme Court on Wednesday as it continues its battle to obtain the names of Merrill Lynch’s top earners last year. Bank of America, which bought Merrill last fall, has been fighting the release of that information.
When Cuomo comes, he comes with the thunder, Thain, so cough up the emails. $3.6 billion stolen from middle-class Americans who can barely afford to heat their homes!
There’s a tent city in Sacramento and you’re blowing BILLIONS of our tax money retaining talent? Are you serious, I Robot?
No one on Wall Street is perfect and everyone makes mistakes, but Bank of America‘s sneaky bonus payment to Merrill “producers” while the parent company was securing $20 billion in TARP loans was actual theft.
Claw that s@#$ back, Andrew. The whole city’s behind you.
Full Story: Merrill Misled Congress (DealBook)