AIG arrogance

The federal government has given AIG about $170 billion to rescue the failing business only to see it pay out $165 million to its top executives as "bonuses."

Bonuses for what ... driving the world financial giant into bankruptcy if there hadn't been a taxpayer bailout? The latest bonuses are part of $450 million in total payouts by the firm to its "leaders."

President Obama calls it "recklessness and greed." I called it arrogance, corruption, total incompetence and borderline theft of public money.

The alleged "contractual agreement" with the bonus-awardees should have disappeared when AIG accepted federal taxpayer money.