Rotten AIGs

The astonishment and outrage over AIG’s executive bonuses provides a focusing moment for our generation. Listening to the President, members of Congress, and the media talk about this situation you get a clear sense of how completely baffled they are at such blatantly self-serving actions. No one can understand such hubris, such matter-of-fact disregard for decency, propriety, and the right thing to do. Here one of the largest companies in the world, after having ruined its own business, exacerbated the growing economic distress at home, and practically brought down the financial house worldwide, then accepting over $100 billion in taxpayer bailout, stuns the watching world by paying its manifestly incompetent executives bonuses