AIG Transfers $46 Million From the Taxpayers to Derivatives Traders

Make no mistake about it, that $46 million being paid out to the funny money traders who cost this country $100's of billions is YOUR taxpayer funds.  And it even has Obama's stamp of approval on it via his beloved Pay Czar, Kenneth Feinberg.  They dressed up the pig with lipstick by explaining that Feinberg insist they cut back the bonus pool by $21 million to $46 million - to be paid to 70 people.  That's just great except AIG is still bleeding billions every quarter, so all it means is that Geithner/Obama are transferring $21 million less of YOUR money to losers.  Feel good about that?  AIG should have been allowed to fail, and it would have thankfully taken down Goldman and others with it.  We might be on the road to serious recovery and reform if that path had been followed....think about that the next time you see an article about huge cuts to education and all of the people outside of Wall Street struggling to feed their families...