Three Strikes Your Out

In some sports the rules are so simple that four year old kids can grasp the baiscs of the game instantly. That can't be said for the bankers on Wall Street. Today we learn that Merrill Lynch gave $3.6 billion in bonuses to some 39,000 employees just before the merger with Bank of America last year. Seems like we need to apply some good old baseball rules here. ML execs took a wild swing last year and missed the ball again. Our umpire says the execs need to be kicked out of the game. That is what they are making of all of this. Yes, kicked out of the job and retroactively taxed the entire amont of their bonus plus adding, as they say at Bank of America, a slight additional service fee say 25% would be appropriate.