Getting Nervous about Bonus Fall-out

The AIG bonuses total some tiny fraction of all the bailout billions that have gone to the huge insurance company. Yet, Washington D.C. politicians and 24-hour news cable show talkers seem to think that nothing is more important that hollering about the crime and inequity of those bonuses.

Never mind that the compensation structure of these employees is such that the "bonuses" often constitute the majority of their annual pay. Never mind that it isn't the business of Congress to set the pay levels in private sectors - even when "we" now "own" 80% of AIG. Never mind that the contracts were signed in the first part of 2008 - before the total crash of the financial world.

Never mind - oh, never mind. And leave Obama out of it - he took the blame as a strategy to try to cool things down and help out beleaguered Geithner. Maybe Geithner hasn't quite lived up to his financial superstar billing, but he's also been hit with a whole lot of disaster. So, I think the media should just lay off the both of them!