Merrill Lynch Bonuses Top U.S. Contribution to Fight AIDS

On Rachel Maddow’s MSNBC  show Wednesday evening, economist Dr. Jeffrey Sachs made the point that the bonuses claimed by Merrill Lynch executives total more than the U.S. contributes to the Global Fund to Fight AIDS, Malaria and Tuberculosis .

Sach’s comment came on the same day The New York Times reported an investigation by New York Attorney General Andrew Cuomo turned up the fact that 700 Merrill executives received $3.6 billion in bonuses even as the company lost $27 billion in 2008.

The U.S. pledged $2.9 billion to the Global Fund for 2009 and is $1 billion behind in its pledge.

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