Fat-Cat Palace is a 'Cra$h' Pad
Look what taxpayers' Wall Street rescue helped buy one former honcho!
Peter Kraus - a former top executive at Merrill Lynch who received a $25 million golden parachute after only three months' work - has landed himself a $37 million Park Avenue pad.
Kraus, 55, doled out the staggering sum for the five-bedroom co-op at 720 Park Ave. near East 70th Street after taking $25 million from Merrill after the company was sold to Bank of America ...
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What a waste!