The Worm Turns

John Thain claims that he told Bank of America everything before the merger, and had an agreement in writing to accelerate the bonuses.  Bank of America is sticking to its claims that he suckered them.  It should be pretty easy to resolve this one:  if he got it in writing, produce the document.

In related news, Porter Goss says that members of Congress who are indignantly claiming they knew nothing about waterboarding, etc. were fully briefed.  This may explain the lukewarm enthusiasm for a Truth Commission.  Question:  how do the grassroots supporters of such a commission feel about it if it brings down the Democratic Party?  The Democrats who signed off on this are still in power.  The Bush administration will be long gone.

This article available online at:

http://www.theatlantic.com/business/archive/2009/04/the-worm-turns/16670/