Just about everybody is outraged by insurance giant AIG plans to pay bonuses. Congressman Chris Carney and Paul Kanjorski have put out strong statements on the subject. The company argues that they are just honoring contracts and need to retain the talent that helped run the company into the ground. It's an open question whether or not the government can stop this madness.
I think Iowa Senator Chuck Grassley speaks for many of us:
"But I would suggest the first thing that would make me feel a little bit better toward them if they'd follow the Japanese example and come before the American people and take that deep bow and say, I'm sorry, and then either do one of two things: resign or go commit suicide."
Stephen Colbert is calling out the pitchforks.
Kanjo will be all over the telly talking about this tomorrow.
CNBC, Squawk Box
MSNBC, 1600 Pennsylvania Avenue
5 hours ago