Here in New York, former Merrill Lynch CEO John Thain has been subpoenaed as part of a state probe into executive bonuses at firms that have received bailout money. Thain resigned this week following the disclosure he handed out $4 billion in bonuses a month ahead of schedule. The bonuses were approved just three days after shareholders OKed Merrill Lynch’s merger with Bank of America. Bank of America was given billions in additional bailout money for the takeover.