Peter Morici is a professor at the Smith School of Business, University of Maryland School. He asks about those AIG bonuses:
So Mr. Geithner, instead of being outraged at AIG’s last revelations, perhaps you can explain to all of us why a UAW worker earning $29 dollars an hour must give back wages and benefits to keep their company alive, while the architects of the biggest financial disaster in history get to keep their gold plated contracts.
Mr. Geithner, we are waiting for your answer.
Yes, we’re waiting.