Obama Outraged at AIG bonus payments (again!)

President Barack Obama is outraged, and rightly so. After AIG is being kept alive on a government bailout of up to $180 billion, they are intending now to pay out $165 million in bonuses to their talented executives.

"This is a corporation that finds itself in financial distress due to recklessness and greed," Obama said. "Under these circumstances, it's hard to understand how derivative traders at AIG warranted any bonuses, much less $165 million in extra pay," he said at the White House.

This is ridiculous. AIG played around with the public money, lost billions, brought down the whole whole, come to the taxpayers to ask for bailout, and now reward themselves with more millions? What talents are there if they lose billions? What rewards should there be for risking and losing people money? How can the taxpayers pay them bonus again?