Even though AIG wasn't legally prohibited from doling out the bonuses, their demonstrable foolishness is indicative of a wanton greed, a willful ignorance and pure disrespect for the taxpayer. I'm not sure what Congress or the Executive Branch can do regarding the bailout bonus money, but given the populist sentiment in America right now, I applaud their efforts. Follow Andrew Cuomo and Max Baucus to know what New York state and the Senate have in mind.
Dana Milbank notes that the bully-pulpit isn't enough for Obama on this issue. So it's no surprise that Obama's poll approval numbers are finally starting to drop.