Monday, March 23, 2009

Populist outrage

BOTH parties are prone to it. And I'm sure people on both sides of the aisle are up in arms about the AIG (sorry AIU) bonuses. Actually, it's definitely the case. But, given the amount the money is what, 0.1%, of what we've given AIG, eh from my perspective. How about THE rest of the money we've lent them, and what they've done with that. That worries more, for I think, obvious reasons. But, it's easier to get mad at Execs at a big corporation then your neighbor down the street. Personally, I think it's at least a little both of their faults, the rating agencies, the quants, and government.