On Mar 19, 2009, at 11:34 AM, Roger Howard wrote:

> In one sense, I agree - but it seems more than a little weird that the
> lion's share of the blame is being heaped on Dodd, based on what  
> Greenwald
> writes in Salon. I tend to find his writing very well researched,  
> clearly
> articulated, and devoid of the simple out of context quotes and  
> suggestions
> so common elsewhere. The CNN article you linked seems to be nothing  
> but
> that - a gotcha article, where they suggest he's changing his  
> position,
> instead of fully explaining the situation.

In all the furor over the bonuses, what's  being lost is the important  
issue that the biggest chunk of the AIG money went to Goldman Sachs.  
This is important because Giethner testified that Goldman Sachs'  
exposure to an AIG default was minimal. There are some interviews out  
there that purport to explain how Giethner's testimony was not  
technically perjury but they aren't all that convincing.

This seems like a bigger deal than the bonuses to me.

<http://www.huffingtonpost.com/raymond-j-learsy/billions-for-aig-to-prote_b_172102.html
 
 >
--
No matter how far you have gone on the wrong road, turn back.
  -Turkish proverb

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