A few months ago the Wall Street Journal reported that Merrill Lynch paid over $10 million to each of its top 11 executives last year while the firm was losing billions – they weren’t CEOs, they were deal makers, basically. This week the Los Angeles Business Journal...
Well, the news is out about the stress tests! And surprise, surprise, it’s not as bad as the doomsayers predicted – again. Just like when they predicted the nationalization of some big banks and the failure of others. It seems the banking system isn’t going down the...
