http://www.mortgagenewsdaily.com/1172008_Merrill_Lynch_Writedowns.aspAs expected, Merrill Lynch became the umpteenth financial institution to take record write-downs linked to the sub-prime mortgage fiasco. The U.S. investment bank's announced $14.1 billion in adjustments in the fourth quarter came in...enCommunityServer 2008 SP2 (Build: 31106.96)http://www.mortgagenewsdaily.com/1172008_Merrill_Lynch_Writedowns.asp#9555Wed, 27 Aug 2008 11:00:00 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:9555KurtMerrill Lynch rips of the public and is ordered to repay $40,000,000 (yes $40 billion) for scamming retired people. Hmmm....interesting that John Thain (the &quot;CEO&quot;) the head scumbag was paid over $80,000,000 (yes 80 MILLION) last year for &quot;running&quot; this &quot;investment&quot; company. Not only does Merrill rip off the public, they screw their own shareholders by paying the CEO outrageous money for his &quot;leadership.&quot; What a joke. Good for Andrew Cuomo for holding these criminals accountable. Put them all in jail. <div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=9555" width="1" height="1">