How nauseating to hear the growing chorus of lawmakers on Capitol Hill inveighing about the AIG bonuses and the rewarding of incompetence.
Spare me, Barney Frank:
“These people may have a right to their bonuses, they don’t have a right to their jobs forever,” Mr. Frank said, charging that the bonuses amounted to rewards for incompetence. And he added: “These bonuses are going to people who screwed this up enormously.”
Congress sez: Incompetence bonuses for me, but not for AIG.