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BofA's Merrill Purchase: Good for America, Bad for Them

Great article except you missed 2 things:
When Thain pounced, he basically ensure the demise of Lehman, who had been in talks with B of A up until then.
B-He and his Merrill cronies had a guaranteed golden parachute that if they decided they did not want to stay on, or vice versa, they would get millions anyway. So the King Rat for $15 million for jumping from the sinking ship, causing it to sink even faster.
Trace Thain's career from the time he left Goldman (why would he do that when he had so many stock options etc???) to NYSE, to Merrill, and his involvement with Lehman, and then try to tell me this was all accidental. No, he has manipulated every step of the way and we're ALL the ones suffering for it. He thought he could bring Goldman to an unassailable position at the top of the heap. He didn't realize how interdependent we all are on Wall Street, and globally too.