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Ms. Park is enthusiastic about the payout funds.
The offices of the state's comptroller and attorney-general were reportedly consulted about the payout, but deny any wrong-doing.Some of the politicians in trouble with the law have recently had questionable relationships with non-profit groups that they created.
Asked about the payout, she said, "When you're in the middle of a storm, if you're going to explain all of how you got there, and how you're going to get out, it often sets more panic among the survivors than if you just sail the boat out of the darkness".
Such consequences were at the heart of the dispute that came before Judge Rakoff, who had demanded that the S.E.C. and the bank explain which executives were responsible for failing to tell the bank's shareholders about the payout of Merrill's bonuses.
But when I called trade unionist Dave Smith to talk about the payout, he was a little more circumspect.
Investigators already knew Ronald owed debts of over $100,000, so when they found out he'd called his insurers to ask about the payout at 9 AM the morning after Timothy's death, it was clear the case against him was beginning to come together.
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An adviser to Xstrata said previously that the fund was less concerned about the payouts than about retaining top company executives.
On Thursday, Ms. Quinn responded to questions about the payouts by saying: "A fair bonus for a job well done on the response to Sandy is one thing, but rewarding themselves based on the lockout is an outrage.
Opinion polls here show that Mr. Martin is having a hard time convincing Canadians, and particularly westerners, that he had not known about the payouts while he served as finance minister in the government of his predecessor, Jean Chrétien.
The publication of the profitability of banks will clear the way for their staff to be told the size of their annual bonuses and signal a round of job moves around the financial sector as well as a wave of outcry about the payouts for thousands of staff in London.
Updated at 3.28pm BST 3.18pm BST BBC trustee: BBC has 'massively improved' value for money since 2008 Lord Patten says it is not only the licence fee payer who is shocked about the payouts: "It is people inside the BBC who have said for two years that they haven't got enough money to make this programme or that... and then they see this NAO report".
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Justyna Jupowicz-Kozak
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