It’s a $50 billion deal that’s sending shock waves through Wall Street today. The price is 1.8 times stated tangible book value. Bank of America has agreed to buy Merrill Lynch. The combination will be a monolithic financial services institution with an unrivaled breadth and global reach. “Merrill Lynch is a great global franchise and I look forward to working with Ken Lewis and our senior management teams to create what will be the leading financial institution in the world with the combination of these two firms,” said John Thain, chairman and CEO of Merrill Lynch.

Read More About Bank Of America Buys Merrill Lynch…Is Global Crisis Worsening?...

One of the mammon kings spent $35,000 on his office throne. Bank of America purchased Merrill Lynch with taxpayer bailout money. Bank of America is on the ropes (again) and needs more money to keep its doors open. Over at Merrill Lynch CEO John Thain was remodeling his office even though the company was losing billions. Bank of America bounced Thain only yesterday.

These are the Canaanite –experts- steering the financial ship in America. They are also the ones that retired people get their financial advice. They have no regard for anyone other than themselves. This is an example of where your taxpayer bailout money went, what it bought and the character of the people you will bailout under Tarp 2.0.

John Thain became Merrill Lynch’s CEO in early 2008, he hired Michael S. Smith Design to revamp his office suite, spending approximately $1.22 million according to documents. Documents show Thain signed off on the remodel personally.

* Area Rug $87,784
* Mahogany Pedestal Table $25,713
* 19th Century Credenza $68,179
* Pendant Light Furniture $19,751
* 4 Pairs of Curtains $28,091
* Pair of Guest Chairs $87,784
* George IV Chair $18,468
* 6 Wall Sconces $2,741

* Parchment Waste Can $1,405
It’s not a regular garbage can like you would use. It’s a “parchment (sheepskin) waste can.”
Give me a break!

* Roman Shade Fabric $10,967
* Roman Shades $7,315
* Coffee Table $5,852
* Commode on Legs $35,115

Thain also paid his driver $230,000 for one years work, which included the driver's $85,000 salary and bonus of $18,000, and another $128,000 in over-time pay, documents show.

Our nation needs our prayers and deliverance from these mammon kings. Let the shaking continue!