I want to write something about AIG, what got us into this mess, the initial bailout, the defenses and criticisms of the bonuses, the public’s outrage, the knee jerk reaction of politicians, the circling of the wagons by the elite, and how the plan rolled out by Tim Geithner enables socialism for the wealthy and insulates them from failure while fleecing everyone else. Barry Ritholtz at the Big Picture has some links to excellent reporting by Matt Taibi in Rolling Stone, another by Carol Loomis in Fortune, and yet another in the NYTimes by Gretchen Morgenstern.
