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Economy: Merrill Lynch-Bank of America #930699

NBC Evening News for Thursday, Jan 22, 2009
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(Studio: Brian Williams) Merrill Lynch CEO John Thain’s payout of bonuses just before the company was bought out by Bank of America noted.

(Washington: Lisa Myers) The outrage over the actions of Thain, who was ousted by Bank of America CEO Ken Lewis, featured; details given of the investigation of the bonuses and Thain’s expensive redecoration of his office by a celebrity designer. [CNBC editor Charles GASPARINO†- explains why Thain was fired.] [Economic Policy Institute Lawrence MISHEL†- says he is outraged over the taxpayer bailout.] [Senator Richard SHELBY – says it was a terrible decision.]

Reporter(s):
Williams, Brian;
Myers, Lisa
Duration:
00:02:30

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