If Bernie Madoff was your child and he opened up to you about the fraud he was conducting, would you loan him more money so he wouldn’t fail?  What if it wasn’t a loan?  What if you had the means to simply give him the money he needed so he wouldn’t fail?  Would you do it?

The simple answer is that you just did!  AIG sold credit default insurance, around the globe, that it had no means to back.  Reminds me of a salesman and the Brooklyn bridge.  So what happens when a company destroys itself through fraud?  You bail them out with your dollars.  Wether you pay taxes or not, these dollars used to bailout AIG come directly out of your pocket through inflation.

Your government thought the cure to a corrupt company was to throw a pile of money at it.  Then they pretend to be outraged when some of the dollars go to bonuses.  The whole thing is a distraction from the fact that the money never should have been spent in the first place.

I keep thinking back to when McCain insisted the campaign be put on hold this summer to tend to this crisis.  Where would we be if we had some politicians who stood up to Paulson and Geithner on principal and simply said, “no!”

I know one thing, we wouldn’t be talking about how big bonuses were in a failing company.