Kucinich wants info on Merrill bonuses

Rep. Dennis Kucinich (D-OH) has requested documents detailing what federal officials knew about the reportedly $3.62 billion on bonuses Merrill Lynch handed out to employees after receiving TARP funds.

The bonuses constituted 36.2% of the the federal aid Merrill Lynch received and are 22 times larger than the recent bonuses paid by AIG.

On March 18, Rep. Edolphus Towns (D-NY), Charirman of the House Government Reform and Oversight Committee, sent a similar letter to the CEO of Bank America in an attempt to uncover whether the company misled the panel.