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Best of Hoofy & Boo: What Would John Thain Do?


Hoofy & Boo on the outlandish spender John Thain.

Over the past 18 months, Minyanville's intrepid reporters Hoofy & Boo have covered it all-from the Wall Street bailouts to the disaster in Detroit to John Thain's exquisite taste in interior design.

Even when the news cycle was slow, Hoofy & Boo could always find the most insignificant story and make it at least seem important enough to devote just short of two minutes and thirty seconds of their time to tell us all about it.

Looking back over all 130 broadcasts, we realized something: Every now and again, the writers churned out a decent episode.

And now, as we enter 2010, we present The Best of Hoofy & Boo.

What Would John Thain Do?

Before Merrill Lynch was swallowed up by Bank of America (BAC), its CEO John Thain raised a few eyebrows when it was reported that he spent $1.2 million on furnishing his office.

Now, dropping that kind of cash during boom years might not sound too outlandish. But while Thain was spending all the money on furniture, Merrill was firing employees left and right after the firm all but collapsed.

Naturally, Thain's utter disregard for common decency (not to mention sense) might make one wonder what else the guy would shell out big bucks for.

Join Hoofy & Boo as they dare to ask: What Would John Thain Do?

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