Normally, I Have To Editorialize, But Not This Time.

See, from time to time events occur, and I talk smack about them.

But not this time.

Because in a rare confluence of writing talent and subject material, and actual news outlet managed to put together a story, with a reporter that actually has brains enough to be pissed off about it.

So, instead of editorializing at length, I will give you the bare bones of the story, and then a link.

Bank of America recently bought Merrill Lynch.

This is because both BofA and Merrill Lynch were in financial straits, and the merger was deemed to be a good way to "save" the companies, which of course are utterly necessary and without the two of them we might explode. Or something.

This is the same justification for our giving Merrill Lynch $10 billion in bailout funds, and now, more recently, $20 billion to Bank of America.

But boy, it sure pisses reporters off when they find out the $15 billion - BILLION - of the $30 billion given to these two companies went out as executive bonuses to the people at Merrill Lynch who helped cause the subprime crash, doesn't it?

See for yourself.