So I get that President Barack Obama is all outraged at A.I.G. paying out many millions in bonuses to a bunch of its execs. "This is a corporation that finds itself in financial distress due to recklessness and greed," Obama said, according to this Pacific Business News story. "Under these circumstances, it's hard to understand … Continue reading Outraged!

Justice? What’s that?

A few hours ago The New York Times breathlessly reported that insurance giant A.I.G.–recipient of $170 billion in bailout funds (so much money that taxpayers actually own about 80 percent of the firm)–will soon pay out $100 million in bonuses to the very executives who bungled the company's finances to the point that it needed … Continue reading Justice? What’s that?