Here's Your Sign

The CEO of Merril Lynch, John Thain, who has presided over $11 Billion in losses in 2008 thinks he should receive a $10 million year-end bonus for all his good work.

I can't imagine what would be more insulting to Merril's shareholders and employees than rewarding their CEO with a multi-million dollar bonus for running the company into the ground.

But it doesn't stop there. Bank of America now owns Merril Lynch. In October the federal government gave BoA a $15 billion bailout. That means we the taxpayer are responsible for Thain's $11 billion in losses this year. And he's going to give himself an extra $10 million since the taxpayers are now his cash flow. Something's not right here. This is why you can't bailout socialize industry. If you do, it has to have oversight. This is the worst case of welfare and the most troubled and immoral form of capitalism socialism in the world.

If a person on welfare was spotted buying fillet mignon right after leaving their nearest federal government office where they begged for more money to survive, it would be viewed in the MSM as welfare fraud and an example of a broken social program. This here can't be any more broken and wrong.