All it took was for the National Outrage to direct itself at derivatives traders at the World’s Worst Company receiving bonuses, and now Rick Santelli is finally saying: Whoa… hey… let’s cool it down, right? Besides, this outrage over $165 million doesn’t exist in a vacuum. People want government policy towards AIG (“give them the night key to the U.S. Mint”) completely changed now that the very worst individuals in the company are being directly rewarded. The fact that those contracts have to be honored under the present arrangement says quite a bit. [YouTube]
Mar 17 3:57 pm 2009
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