The NYT examines the role that bonuses played in the financial breakdown. This chart compares the bonuses in the fixed-income division of Merrill Lynch to its profits as a whole. Summary: it pays to totally fuck up the financial system.
http://us.rd.yahoo.com/dailynews/rss/mostemailed/*http://...
Once again, the government has offered another plan to help troubled homeowners. Once again, critics say it doesn't go far enough. The plan announced Tuesday by federal officials and mortgage giants Fannie Mae and Freddie Mac sounds sweeping in its approach: Borrowers would get reduced inte