Merrill Lynch posts $10 billion loss - O'Neal must be laughing

Another hideous failure for an overpaid CEO. O'Neil walked away with $161 million and Merrill Lynch announces a Q4 loss of $10 billion and $14.6 billion in write downs. Yes, the CEO bonus was all tied to those massively inflated numbers which are all being thrown into the rubbish bin. It's time to drag the executive pay committee people into Congress and let them explain to America how the system works. They have the advantage of hiding in the background, never having to explain themselves to anyone.

There is a fundamental problem with the system and sugar coating it is not going to help. We used to be a country that promoted everyone having a fair chance to get ahead but we've become a greedy country that only promotes the select few. Our forefathers who came to America to escape similar systems in the old world wouldn't recognize the place.