I'm almost embarrassed to admit this...

... but I'm kind of siding with the AIG employees on the whole bonus controversy. For one, I don't think the government should be using taxation as a form of punishment especially when it is levied specifically at people who have not been found guilty of breaking any laws nor given due process. Second, AIG is a large and diversified company and it's fair to assume that many of the employees were probably not involved in the credit default schemes that brought the company down. If it's anything like Wachovia or Citibank, most of the businesses units remained profitable. Third, it seems reasonable to assume that if the government is going to loan money to a company to keep it afloat then one of the things they're going to do with that money is meet payroll and contractual obligations.

I get the sense that this whole controversy over a drop in the bucket is a smokescreen/attempt at scapegoating. Obama and Congress are out of line on this one.