Dodgy deals


Golden goodbye for Merrill Lynch CEO as subprime fallout continues

Turning failure into incredible wealth is just another example of how Wall Street’s big financial groups refuse to do what they insist others must do, writes Glenn Dyer.

Was Peter Costello right on the banks?

The Federal Treasurer got into the banks last week for thinking of lifting interest rates above any move from the Reserve Bank. But was there some truth in what Costello had to say about the banks and their reaction to the subprime mess in the US and associated credit freeze which have pushed up rates?