Merrill Lynch, who you bailed out, paid $3bn to $4bn in Christmas bonuses

Disgusting. And this comes on the heels of Chris' post about the former CEO spending $1.2m on decorating. And spare us the talk about how all the good employees would leave if they didn't get good bonuses. Where would they go? McDonalds? There isn't exactly a dearth of good employees, or a hiring frenzy, on Wall Street or anywhere else in the country right now. Their Christmas bonus was getting to keep their incredibly high-paid jobs, guaranteed by the US government. Something most of us can only wish for. This is truly despicable. The government should demand that money back. More here.