At the same time that the global economy was teetering on the edge of collapse, the banksters had the guts to give themselves two billion dollars in bonuses for, well, I have no idea. It certainly can't be for doing a good job. The only people who might have thought that they were doing a good job would be those emotionally invested in the idea that the economic system should collapse: Marxists, acolytes of Ayn Rand and goldbugs.
Meanwhile, it has come to light that Goldman Sachs (a/k/a the Global Vampire Squid was lying when it said that if AIG had defaulted, that Goldman Sachs would have had few losses. The AIG rescue, which has cost well over a hundred billion dollars, looks more and more like it was engineered to be a hidden bailout of Goldman Sachs and the other banksters.
I suspect that the NY Fed (then headed by Timothy Geithner, now our Treasury Secretary) had its fingerprints all over that deal.
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