Monday, September 14, 2009

USDJ Rakoff (I think he's a district judge, not a disk jockey, but who knows, maybe he's both) ruled against the penalties for BofA in the Merrill Lynch bonuses thingie.
See, they were going to pay out $5.8 billion of shareholders' money to themselves as a bonus, but meanies decided it was unjustified and wrong.
So they agreed to pay $33 million of shareholders' money as a fine, but now a judge, obviously also a meany, decided it is unjustified and wrong.
Apparently he cited Wilde's line of a cynic being someone "who knows the price of everything and the value of nothing." Pretty cool.
Except, of course, that an Elightened Being knows the price of Everything and the value of Nothing.

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