ABC is reporting that Bank of America is threatening to sue a former employee who’s willing to talk about which people got bonuses at Merrill Lynch prior to the merger between them and BoA.

Bank of America continues the arrogance previously exhibited by the banking industry by, basically, saying we’ll give out the information about the bonuses as long as you do it on our terms. Here’s a clue for you motherfuckers… if the government gives you $45 billion in bailout money, you answer to them.

Of course the way I’d handle the whole situation is by pulling the money back and letting them fail. Then use the $45 billion to buy them on the open market (market capitalization as of Friday 20 Mar was $39.62 billion) and then hand out the shares to everybody that paid taxes last year (maybe while keeping the proxy rights) .

At issue, is $3.6 billion in bonuses that were paid out by Merrill Lynch on the eve of the merger (keeping in mind that in 2008 ML had losses of $27 billion) and that, of those,  696 people recieved bonuses of more than $1 million.

Keep it up, assholes. We’ll be digging the ditches for your bodies real soon now.

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