A New York judge ordered that BOA must disclose names of employees who received bonuses under the Merrill Lynch, John Thain era.
You can read the Yahoo! Finance story here
The main argument for Attorney General Andrew Cuomo for the disclosure is to create transparency for taxpayers since it was the taxpayers who paid 45 billion dollars in bailout funds to Bank of America (BOA) but Bank of America claims there is a privacy issue concerning these employees.
In my opinion, I fail to see a reason as to why BOA should release the names. To be honest, what does it do for the economy? What does it do for the capital markets? Does it create jobs? I am curious if Andrew Cuomo is going to release how much it cost taxpayers to retrieve these names?
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