Call me cynical and predisposed to conspiracy, but I find the current outrage expressed by Obama and his administration over AIG a bit…Machiavellean. First, on Sunday, his technocrat underlings express frustration on the talk show circuit. We have Larry Summers saying that the AIG bonuses have to go through, lest we disrupt the rule of law. Then, from stage left, the New York Times runs a story about how angry the administration is with the scheduled payments, and further, how they fear a “populist” backlash. Finally, for today’s third act, the ultimate deus ex machina saves the day–forget the contracts! Obama has ordered his boy wonder, Geithner to block the bonuses.
Tag Archives: Ozymandias