About those bailouts - Updated

The WSJ does a write-up (sub. req'd) yesterday detailing just who at AIG has earned those bailouts.

American International Group Inc. will pay $450 million in bonuses to employees in its financial products unit. That division was at the heart of AIG's collapse last fall, which compelled the U.S. government to provide $173.3 billion in aid to keep it running. (emphasis mine).

Just think of that: in some worlds, you and your colleagues can drive your company into the ground -- blithely taking the world's economy with it -- and you're not standing in a soup line somewhere, but depositing a bonus check.

That's change you can believe in. And not the kind of change that jingles; the kind that folds.

Update: To the extent that those bonuses are based upon fraudulent "financial services products," shouldn't any so-called contractual obligations be nullified?