Bonuses Paid On Massive Losses?

Hmmm. Is this what corporate responsibility looks like? Common sense is back!

"New York Attorney General Andrew Cuomo may demand the return of $4 billion in bonuses paid by Merrill Lynch & Co. just before it was acquired by Bank of America Corp., a person familiar with the matter said."

Aren't bonuses paid based on profits? Not tax-payer bailouts.

Source: Bloomberg