populist outrage

Just how much did top AIG executives pocket last year in bonuses? Politico reports the total awards paid out were four times higher than previously reported, based on new responses from AIG to queries by Rep. Elijah Commings (D-Md.).
AIG now says it paid out more than $454 million in bonuses to its employees for work [...]

This resignation letter in The New York Times today from an AIG executive in the financial products unit explaining the bonus controversy from his point of view probably will be flying around the blogosphere today. In the letter to AIG CEO Edward Liddy, the executive, Jake DeSantis, says  it’s not public shame that prompted his [...]

This weekend, we’ve seen busloads of protesters pulling up to the posh homes of AIG executives in Fairfield, Conn. — even as the realization creeps in that that our populist anger may be misplaced.
Maybe the real outrage is the covert second bailout to Goldman Sachs, Bank of America, and other investment houses that were AIG’s [...]