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John Thain

How The US Blew The Trillion-Dollar Trade Of The Century

Bloomberg | Mark Fisher | Posted 10.26.2009 | Business

Read More: Geithner, John Thain, Hank Paulson, The Logical Trader, Bush, Bill Gross, Paulson, Bailouts, Economic Crisis, Bank of America, Aig, Obama, Bofa, Taxpayers, Barack Obama, Recession, Mark Fisher, Warren Buffet, Merrill Lynch, Wall Street, Bailout, Finance, Lehman Brothers, Fed, Tim Geithner, Bernanke, Treasury, Banks, Ben Bernanke, Business News

When the government was forced to bail out the financial system, our friends in Washington also had the opportunity to make the trade of the century f...

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Bank of America Emails: Executives Knew Of Merrill Losses Before Shareholder Vote

washingtonpost.com | Tomoeh Murakami Tse | Posted 10.21.2009 | Business

Read More: Merrill Lynch, John Thain, Ken Lewis, Merrill Lynch Bank of America, Bank of America, House Oversight and Government Reform Committee, Business News

NEW YORK -- Congressional investigators think that reams of internal documents turned over by Bank of America last Friday show that its executives wer...

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AP Source: Bank of America To Give Up Documents From Merrill Lynch Deal

AP | VINNEE TONG and STEPHEN BERNARD | Posted 10.13.2009 | Business

Read More: Shareholders, John Thain, Sec, Wall Street, Ken Lewis, Lehman Brothers, Ceo, Merill Lynch, Bank of America, Charlotte, Bofa, Bonuses, Executive Pay, Merill, Business News

SAN FRANCISCO — After months of resistance, Bank of America Corp. plans to turn over documents showing legal advice it received on its purchase ...

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John Thain, Ex-Merrill Chief COMPLAINS: It's Unfortunate The American Dream Has Been "Demonized"

Posted 10.07.2009 | Business

Read More: Merrill Lynch, John Thain, American Dream, John Thain Wharton Speech, Business News

In a recent speech at the University Of Pennsylvania's Wharton School of Business, former Merrill Lynch CEO John Thain -- he, of the $35,000 commode -...

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Financial Crisis Financiers: Where Are They Now? (PHOTOS)

Posted 09.29.2009 | Business

Read More: Joseph Cassano, John Thain, Kerry Killinger, Franklin Raines, Slidepoll, Aig, Christopher Cox, Fannie Mae, Angelo Mozilo, Where Are They Now, Stan O'Neal, Sandy Weil, Merrill Lynch, Financial Crisis, Henry Paulson, Jimmy Cayne, Business News

UPDATE: AIG's Joseph Cassano is BACK in U.S. soil. Check out info on his "surprisingly modest" home here. Absence makes the heart grow fonder. Well...

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Thain: I Should Have Furnished My Office At Ikea

Bloomberg | Michael J. Moore and Dakin Campbell | Posted 09.18.2009 | Business

Read More: John Thain Office, Merrill Lynch, Ikea, John Thain, John Thain Ikea, Business News

John Thain, the former chief executive officer of Merrill Lynch & Co. who was accused of overspending on an office renovation as the broker teetered, ...

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John Thain: Ikea Would Have Been A Better Choice For My Office Renovation

bloomberg.com | Posted 09.18.2009 | Business

Read More: Merrill Lynch, John Thain, Ikea, Thain Office, Business News

Sept. 18 (Bloomberg) -- John Thain, the former chief executive officer of Merrill Lynch & Co. who was accused of overspending on an office renovation ...

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Lehman Brothers' Warnings Were Ignored, Confidential Memo Shows

bloomberg.com | Bob Ivry, Christine Harper and Mark Pittman | Posted 11.08.2009 | Business

Read More: Bloomberg, Henry Paulson, John Thain, Confidential Memo, Lehman Brothers, Tim Geithner, Massive Global Wealth Destruction, Business News

Sept. 8 (Bloomberg) -- The warning was ominous: "Massive global wealth destruction." That's what Lehman Brothers Holdings Inc. executives predicted...

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The Fall of the Flimflam: What Every Executive Can Learn from BofA's Sleight of Hand

Jonathan Littman | Posted 09.12.2009 | Business

Read More: Bank of America, I Hate People, John Thain, Jonathan Littman, Kew Lewis, Bofa, Flimflam, Judge Jed S. Rakoff, Business News
Jonathan Littman

Judge Jed S. Rakoff of New York is my idea of a true American hero. This week he had the guts to ridicule the sham $33 million settlement put forth by the SEC and Bank of America execs.

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Hank Paulson Rewrites History Before Congress

David Fiderer | Posted 08.18.2009 | Business

Read More: Merrill Lynch, John Thain, Hank Paulson, Lehman Brothers, Ken Lewis, Tim Geithner, Merrill Lynch Bank of America, Bank of America, Federal Reserve, Financial Crisis, Henry Paulson, Timothy Geithner, Barclays, Business News
David Fiderer

The fallout of Paulson's two disastrous decisions (to let Lehman fail and reverse his position on foreclosure relief) prompted the former Treasury Secretary to abuse his powers, with some not-so-veiled threats.

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Bernie Madoff, Scapegoat

Michael Moore | Posted 06.01.2009 | Business

Read More: Lloyd Blankfein, Tarp, Bill Clinton, John Thain, Phil Gramm, Bank of America, Gfc, Aig, Ponzi Scheme, Jamie Dimon, John Mack, Bernie Madoff, Vikram Pandit, Goldman Sachs, JPMorgan Chase, Merrill Lynch, Morgan Stanley, Bailout, Ken Lewis, Michael Moore, Global Financial Crisis, Bernard Madoff, Wall Street, Edward Liddy, Citigroup, Madoff, Business News
Michael Moore

Instead of putting those responsible for the financial crisis in jail, why did we give them huge sums of our hard-earned tax dollars. Bernard Madoff is nothing more than the scab on the wound.

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John Thain Versus Bank Of America: Former Merrill Lynch CEO Fights Back

Huffington Post | Julie Satow | Posted 05.28.2009 | Business

Read More: Merrill Lynch, John Thain, John Thain Ken Lewis, Ken Lewis, Ken Lewis John Thain, Thain Merrill Lynch, Bank of America, Merrill Lynch Thain, John Thain Merrill Lynch, Thain - Bank of America, Bank of America and Merrill Lynch, Thain, Thain and Bank, John Thain Fights Back, Thain and Bank of America, Business News

John Thain has given a series of interviews to the Wall Street Journal, where the former Merrill Lynch CEO tells his side of the bonus story that led ...

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Possible Jail For Financial Execs

Portfolio | Posted 05.22.2009 | Business

Read More: Martin Sullivan, Richard Fuld, Ceo Jail, John Thain, Angelo Mozilo, Jimmy Cayne, Alan Schwartz, Disgraced Ceo, Business News

We asked a group of eight former prosecutors and other legal experts (some of whom asked to remain anonymous) about which of the meltdown's disgraced ...

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Hank Paulson, The Unnamed "Decider" In The Merrill Lynch Saga

David Fiderer | Posted 05.16.2009 | Business

Read More: Merrill Lynch, Andrew Cuomo, John Thain, Lehman Brothers, Ken Lewis, Merrill Lynch Bonuses, Bank of America, Henry Paulson, Fortune, Sec, Financial TImes, Barclays, Mortgages, Financial Crisis, Credit Default Swaps, New York-New York, Business News
David Fiderer

Why would Merrill's senior management, with BofA's acknowledgment, base their internal year-end projections on the assumption that securities prices would recover so sharply?

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Who Are the Best and the Brightest?

B. Jeffrey Madoff | Posted 05.14.2009 | Business

Read More: Merrill Lynch, John Thain, Kennedy, Collaterized Debt Obligations, Aig, Vietnam, Harvard, Cancer, The Best and the Brightest, Health Care, Wall Street Bonuses, Edward Liddy, Business News
B. Jeffrey Madoff

If these people were "the best and the brightest," why did the financial crisis happen?

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Powerball Jack and the Wall Street Bailout

Don McNay | Posted 04.16.2009 | Business

Read More: John Thain Decorator, John Thain, Wall Street Bailout, West Virginia, Main Street, Powerball Winner, Immediate Annuities, Jack Whitaker, Wv, Gambling, Merrill Lynch, Private Jets, Hurricane West Virginia, Kentucky, Wall Street Bonuses, Lexington KY, Personal Finance, Casinos, Lottery, Toliets, Annuities, Lotteries, Powerball, Lottery Winner, Charleston, Aig, Don McNay, Structured Settlements, Wall Street, Citigroup Bailout, Annuity, Citigroup, Business News
Don McNay

If the people on Wall Street knew that no one would ever be there to bail them out, ever again, they would be less inclined to gamble with instruments they don't really understand.

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5 Reasons Celebrity CEOs Crash And Burn

Daily Beast | Judy Smith | Posted 04.14.2009 | Business

Read More: Celebrity CEOS, John Thain, Ken Lewis, Ceos, Business News

Now that Bernie Madoff will be trading in his jet-setting lifestyle for a more humble existence (with a big, mean, short tempered cellmate), I'm remin...

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Help Dig Up The Praise That Today's Bailout Bandits Once Received

Matthew Palevsky | Posted 04.11.2009 | Business

Read More: Mack, John Thain, Bailout Bandits, Madoff, Allen Stanford, Ken Lewis, Ezra Merkin, Fuld, Jacob Ezra Merkin, Bernie Madoff, Bob Rubin, John Mack, Pandit, Bailout Outrage, Business News

Over the past few months we've seen the media begin to cast a hairy eye on many of the financial characters it once dubbed as experts, creators of gre...

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Merrill Lynch Gave Top Earners $209 Million In 2008 (SLIDESHOW)

Huffington Post | Katharine Zaleski | Posted 04.04.2009 | Business

Read More: Merrill Lynch Bonuses, Andrea Orcel, Andrew Cuomo, John Thain, Slideshow, Bailout Bandits, David Sobotka, Peter Kraus, Merill Lynch, Bailout Outrage, Business News

UPDATE: Some of the top earners at Merrill Lynch who were given $209 million in 2008 were subpoenaed by New York State Attorney General Andrew Cuomo o...

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Merrill's Top 10 Earners Made $209 Million In 2008

Reuters | Posted 04.03.2009 | Business

Read More: Merrill Lynch Compensation, Merrill Lynch Money, Merrill Lynch, John Thain, Merrill Lynch Earnings, Business News

Merrill Lynch & Co's 10 highest-paid employees got a total of $209 million in cash and stock in 2008, up slightly from $201 million they received a ye...

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Thain Tells All On Merrill Lynch Bonuses

ABC News | Posted 03.28.2009 | Business

Read More: Merrill Lynch, John Thain, Bailout Bandits, John Thain Subpoena, Thain Tells All, Thain Bonus, Thain Talks Bonuses, Financial Crisis, Bailout Outrage, Business News

John Thain, former CEO of Merrill Lynch, finally revealed the names of the executives who received multi-million dollar bonuses on the eve of his fail...

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Cuomo Files Documents To Get Thain To Give Up Bonus Details

AP | IEVA M. AUGSTUMS and STEPHEN BERNARD | Posted 03.26.2009 | Business

Read More: Merrill Lynch, John Thain, Andrew Cuomo Wall Street, John Thain Bonus, Ny Attorney General, Merrill Lynch Bail Out, Andrew Cuomo, Bailout Outrage, Business News

CHARLOTTE, N.C. — A New York judge cleared the way Monday for former Merrill Lynch & Co. CEO John Thain to testify about bonuses paid to Merrill...

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The Evil of Banality

Joseph A. Palermo | Posted 03.12.2009 | Politics

Read More: Republican Obstructionism, Michael Steele, Tarp Bailout, Republican National Committee, John McCain, John Thain, National Right to Life Committee, Rush Limbaugh, Ben Stein, President Barack Obama, Republican Control of the Political Discourse, The New York Times, Economic Crisis, The Evil of Banality, "Joe the Plumber, Smoot-Hawley Tariff Act, Lindsey Graham, Human Rights Campaign, " Governor Arnold Schwarzenegger, Sarah Palin, Economic Meltdown, Christian Coalition, The Wall Street Journal, Merrill Lynch, Economic Stimulus Package, Rnc, RNC Chair Michael Steele, Economic Stimulus, Senator Lindsey Graham, Stimulus Bill, Politics News
Joseph A. Palermo

It could be that our institutions are so corrupt, our political discourse so banal and polluted, that they are incapable of lifting us up from our national malaise.

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Sam Stein

BLOW THE WHISTLE: Bailed Out Firms Wasting Money? Tell Us About It

HuffingtonPost.com | Sam Stein | Posted 03.07.2009 | Politics

Read More: Bailout Bandits, Tarp, Merrill Lynch, John Thain, Bank of America, Aig, Bank Bailout, Bailout Bill, Politics News

Ever since the government decided to spend hundreds of billions of dollars propping up troubled banks, there have been reports of those banks and exec...

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Rewarding Failure

Joe Peyronnin | Posted 03.06.2009 | Business

Read More: Wall Street CEOs, John Thain, Wall Street Bailout, Wall Street, Ceos, Financial Crisis, Business News
Joe Peyronnin

Memo to Wall Street: the old way of doing business is over if a company is on life support and needs a huge transfusion of federal taxpayer money to bail it out.

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