I mean, however you feel about what Geithner knew about the bonuses and when he knew it, you have to concede that his far bigger concern throughout this time was preventing the global economy from self-immolating. As a substantive proposition, how much would we even want a Treasury secretary to focus on $165 million in bonus money while there were hundreds of billions of dollars in bailout money flowing to AIG and other companies?
But actually fixing our problems is not half as much fun as a witch-hunt.
It's that whole witch hunt thing, the bandwagon thing, it just makes me feel somewhat oppositional. Like I've said, there's no reason to defend AIG, but spending all this time and energy shaming one company when there's plenty of shame to go around, not to mention actual legal indictments to hand out seems wasteful, foolish and even distracting from the real work that has to get done.