These assholes are so incredibly fake and shameless it's not even funny. Really; it's not funny.

We wouldn't even have to bother going through this sideshow of bonuses if we'd just bought these funnel banks, mortgage fraud companies, and not-so-insurance companies, outright, in the first place, and spun them back off. That, or let them fail and suffer the consequences. It seems that this administration is the king of half-assery, except that half-assery is the very last thing a nation in crisis can afford.

Clusterstock:

Perhaps it's not surprising that AIG (AIG) finds itself at the center of the storm. As it turns out, nobody saw exactly how this recession would play out better than them.

Early last year, Brendan Connolly of Banque AIG in London painted an extremely dire picture of the world economy.

Here's Reuters from last February:

"Avoiding a depression is, unfortunately, going to have to involve either a large, quasi-permanent increase in the budget deficit -- preferably tax cuts -- or restoring overvaluation of equity prices," Connolly said on Monday.

"If conventional monetary policy is not enough to produce that result, the government may have to buy equities, financed by the Fed," Connolly said.

Legal changes would be needed to give the Federal Reserve and the U.S. government the authority to buy stocks. Currently the Federal Reserve can buy only debt issued by the Treasury, as well as U.S. agency debentures and mortgage-backed securities.

Gigantic deficits, intentional overvaluation of asset prices, expanding the purchasing power of the Fed. Pretty bang-on, eh?

The fact Obama continues to support Geithner, a Wall Street mole, Gibbs and Geithner went after Dodd, and both Axelrod and Rahm are trying to trivialize the whole billion dollar AIG bonus fiasco is telling: Obama and his team are hiding something. It's becoming clearer and clearer Wall Street was right to totally trust him and have their media go Tonya Harding for him, since it seems not even a mainstream corporate Democrat would suffice (Honestly, when even Dodd is able to, at least, try and challenge Wall Street on compensation and you don't, you're something else; hell, even Biden initially opposed the AIG bailout*).

*I know McCain did as well, but he got lucky on that one. Also, anyone else notice how Biden, the "champion" of the middle class, is unnaturally quiet on this whole AIG mess?