On Schemes...

Some people are feeling nervous these days on the news that Gov. Cuomo is examining the bonuses paid under Merrill's bonus scheme just before the BofA deal, and may seek recovery of the payments.

I say it's a good thing they are still calling them "Bonus schemes". If the term were to change (more accurately perhaps) to "Ponzi schemes" they could actually go back up to six years, and that's when a lot of people would get really nervous.