Another day, and another AIG freak out on behalf of the Obama administration.

Today, Obama huffed and puffed about AIG's insistence on paying $170 million dollars in bonuses.

Now I'm a huge fan of Obama and I'm disgusted at the idea of paying bonuses to the guys who broke the American economy. But as I said in yesterday's post on this, AIG is contractually obligated to do so. In fact, if they don't, they may have to pay DOUBLE because of the state laws that they operate under.

The question is not: "How dare AIG pay?". We know they have no morals on the situation anyway. The question is: "How dare the Obama administration NOT know this was going to happen?"

They effectively 'bought' AIG with tax payer money. Didn't they look at the books? Tim Giethner, used to work for Goldman Sachs. He KNOWS how things roll on Wall Street. Hey Timmy. Did it just slip your mind? (Also, I'm sure he also had NO idea that AIG paid $13 billion to Goldman Sachs -even though they were also recently bailed out.)

The US gov is just showing itself to be incapable of dealing with this mess, and at the heart of this shit storm is Geithner. It's time for this guy to step aside. He has lost all credibility in dealing with these issues.

In the meantime, don't get distracted by stories of bonuses. That's not the outrage here. The outrage is that there seems to be no accountability on behalf of the US gov as to how they are spending your money.


MoonBat