Why The Merrill Bonuses Are A Watershed Moment

In the midst of the Vietnam War, an Air Force major told war correspondent Peter Arnett that it was necessary to destroy the town of Ben Tre in order to save it. The twisted logic came to encapsulate the insanity of the entire decade-long fiasco. We've now reached a Ben Tre moment in the financial crisis, thanks to Wall Street's fat-cat bonuses, especially those at Merrill Lynch.

Topics:  vietnam war   air force   peter arnett   lynch   york   andrew cuomo   bank   america   wall street journal   ben tre   wall street   merrill   bonuses   moment   billion   year   executives   

 

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