Bloomberg offers an interesting article that notes top TARP banks are still paying for a variety of perks for former executives, including some that had a hand in pushing these banks to the brink of solvency. Citigroup is still paying for secretarial and other office services for the former CEO Chuck Prince, who left under a cloud, and former head of investment banking, Michael Klein. Sandy Weill opted to end his services a while back.

Merrill Lynch still provides offices for Stanley O'Neal, who also left under a cloud, and less controversial former CEOs. Bank of America is now on the hook for these costs, Bloomberg reports. You can bet that these perks will not last long. They are just not a good use of taxpayer monies (if you buy the money is fungible argument). 

For more:
- here's the article

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