NYT--"Deutsche Bank continues to beef up its investment banking business at the expense of Merrill Lynch, as it has hired another Merrill banker, Jim Ratigan, who will become a managing director in the bank’s industrial sector mergers and acquisitions group in the Americas."
You see Sherman, the Merrill bankers are jumping ship because they don't want their compensation capped inasmuch as BAC is a TARP welfare queen.
But Mr. Peabody, didn't Deutsche Bank get bailed through the AIG back door just like Goldman Sachs.
That's right Sherman, Goldman and Deutsche are both AIG backdoor welfare queens, but zee German's are not capped like the American queens.
Sheesh, what idiot cooked this up Mr. P?
One hint, Sherman, he is a Goldman man.
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