oh dear.

This is bad for going forward - with Dodd on point.


"On Monday, Mr. Dodd criticized bonuses given to executives of American International Group Inc., the huge insurer that has received $173.3 billion in federal aid. "This is another outrageous example of executives -- including those whose decisions were responsible for the problems that caused AIG's collapse -- enriching themselves at the expense of taxpayers," he said."

His story is hard to follow. He says he didn't know about any existing bonuses back then (February? or whenever Fed employees "forced" him), but that makes no sense - did he think he was approving new bonuses, yet to be granted with the bailout money???