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Member Since: 9/2006Last Seen: 12/22/2009

Former Merrill Lynch Exec takes bailout money to buy palatial digs

Read ArticleArticle Source: Crooks and Liars
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Peter Kraus worked hard in the three months he spent at Merrill Lynch this fall — and the $25 million in bonus cash he earned for his troubles was just enough to allow him to afford to buy Carl and Barbaralee Spielvogel's apartment at 720 Park for $36.63 million, twice what they paid for it two years ago.

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