Bailout News The Solution: Send Geithner And Summers To Guantanamo Bay; Outrage Over AIG Bonuses; Erin Burnett, Barney Frank and Christina Romer

Three videos inside.

Is it possible to arrange for Geithner and Summers to be sent to Guantanamo Bay?

The issue is now purely symbolic.  We get it.  The bonuses have already been paid.  It's interesting to me that the public was first made aware of this issue on Saturday by the New York Times but Treasury and Tim Geithner were working on it all last week.

The contracts should have simply been torn up and the employees of AIG should have been forced to sue for payment.  Geithner as the original author of the AIG bailout deserves the blame, and the White House, well aware of this fact, sent everyone out except Tim for damage control.  Erin Burnett did a decent round-up on the AIG bonus story this morning on CNBC.

Allow me to reiterate.  The White House reaction is all about appearances as they fear the backlash.  If Summers and Geithner had actually wanted these payments NOT to be made, this could have been accomplished with a leak to the press early last week.  The public outrage would have killed these bonuses in a matter of days.  Instead they waited until Saturday when no one was paying attention and the kill-hour had passed.

I have a special loathing for the Obama economic team and it starts at the top.  Summers and Geithner deserve 2 weeks at G-Bay, and I'm not talking vacation.

After the jump, we have the complete video of Barney Frank from this morning on The Today Show and a report from NBC's Savannah Guthrie on the fake outrage from the White House.

Comments

[Angry Jones]

I find it very interesting - all the government talking heads are spouting the same line to appease angry tax payers - we're outraged too, we're mad as hell too, etc. This "empathy" doesn't make me believe that you understand - it feels like a lame attempt to get me to stop complaining.

[SUCK IT AIG]

Why should the tax payer expect to get SOME accountability and place some limits and the money we've given you. Oh, sorry AIG- I didn't realize you still make the rules. And how generous to negotiate a 30% reduction in future bonuses - THANKS AIG! Sorry for the hassle...

[DailyBail]

http://www.cnbc.com/id/15840232/?video=1062251550&play=1

Kirby Daley says the US is wasting Taxpayer Dollars.

Decent interview

[DailyBail]

Most of today's links are in this story and the comments section. About 35 links.

http://dailybail.com/home/bailout-news-aig-is-a-warm-cuddly-puppy-with-a-red-bow-and-a.html

[Mortgage T&A]

Great pic.

[Papa]

Isn't it comforting to know that AIG employees can't be worried about having their excessive bonuses ruduced by the government. The Obama administration said they aren't going to do that. Then------the administration sucks money from taxpayers to pay some of these bonuses, and other things. Most of us can't live long enough to repay these debts.

WHAT A COUNTRY!!!!!!!!!!!!!!!!!!!!!!!