Or How I Learned to Stop Worrying

Barack Obama was outraged yesterday over the AIG bonuses. He was OUTRAGED. He said yesterday:
This is a corporation that finds itself in financial distress due to recklessness and greed.
Under these circumstances, it’s hard to understand how derivative traders at AIG warranted any bonuses, much less $165 million in extra pay. How do they justify this [...]

There are now serious questions being asked about Treasury Secretary Tim Geithner’s role in the AIG bonus scandal. It is clear now that Geithner knew long before this weekend about the AIG bonuses. Yet, it was not until the bonuses had been handed out - and the resulting public outrage -, that the administration jumped [...]