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I don't, as a rule, get surprised by the utter gall of these Wall Street executives, or the complete farce of how these TARP bailout funds are managed but this is a bit much.

Peter Kraus worked hard in the three months he spent at Merrill Lynch this fall — and the $25 million in bonus cash he earned for his troubles was just enough to allow him to afford to buy Carl and Barbaralee Spielvogel's apartment at 720 Park for $36.63 million, twice what they paid for it two years ago.

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Keith reports on George Bush agreeing to bailout the auto industry and the strings attached to that bailout. Robert Kuttner weighs in on whether the bailout was necessary and the differences between the way the money for the automotive companies and Wall Street were handled.

October 26, 2008 News Corp