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Cuomo issues subpoena to fired Merrill CEO

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At least someone is doing something about this national disgrace. Handing out bonuses right before a fire sale does seem a bit odd, but what would you expect from the sleezeball who spent $1.2 million on new office furniture during a 12 month stay?

New York's attorney general issued a subpoena to former Merrill Lynch Chief Executive John Thain Tuesday in a probe into bonuses paid to the firm's employees just days before its takeover by Bank of America Corp .

"The fact that Merrill Lynch appears to have moved up the timetable to pay bonuses before its merger with Bank of America (BAC, Fortune 500) is troubling to say the least and warrants further investigation," Attorney General Andrew Cuomo said in a statement.

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