Capitalist miscreant SOBs are a dime a dozen...

Yes, these AIG bonuses are grossly unfair--so what else is new?  Capitalism as a system unto itself is inherently unfair.  It should be mitigated to the extent possible and eventually abolished.  But what torques me right now in that discussion is the idea (of some people) that the contracts involved in this current mess are somehow sacrosanct, when those same people will quite blithely speak of the necessity of abrogating union contracts. 

But really, the big picture is that nothing seems to be happening structurally with this banking mess.  Re-privatization may be a long term political necessity, but as Barney Frank says, the government owns the banks now--and it should act like it.   

My sense from reading the blogs and watching the news is that the problem is Timothy Geithner, who seems to be a mere Wall Street weasel.  Obama is on record as saying, in effect, well, we will try this and try that, and if it doesn't work, we'll try something different.  How about trying a new Secretary of the Treasury? 

I would like Obama to name Paul Krugman to the post--don't know if he could get confirmed, but the esthetic pleasure of watching John Cornyn's head explode at the prospect would be worth it. 

More seriously, why not Joseph Stiglitz? 

Damn.  I wish Obama would call me. 
 
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