Liddy came to town the other day to attempt to stay afloat, maybe get some face back. I saw some of his testimony, and I'm sorry to say it looks like he's going to get his head cut off- if the angry mob figures out what they're angry about.

Here's the thing: AIG was going down. They made retention bonus deals to their top performers, who have left since the satisfaction of their part of the obligation and AIG's making good on the money.

What's been driving me crazy is the disconnect between the moral moment when an entitled rich-ass discovers he's not doing well at his job, and the next weekend when he takes a fat check from his bankrupt employer and flies to the Bahamas.

These people are all sales people. They get a piece of what they bring in. If the top performers at AIG were either not bringing enough in, or else bringing in credit default swaps instead of something tangible (like money, or shares in a company, or real estate), then the maniacs dispatching the Masters of the Universe really shouldn't have been able to incentivize these guys at all. For doing anything. They were insolvent due to the actions of the top performers.

In sales, there is more risk than anywhere else in the economy. All it takes is a week or two of a losing streak to set your whole balance sheet on fire. These guys were at it for a long time with no rules written by sane adults. One guy, acting alone, can bankrupt himself by failing, and can now bankrupt organizations on which the sun doesn't set. But I think we all (I'm in business , and all business is sales) had to sign the memo stating that we might lose it all.

These guys are not interested in saving the economy, just in maintaining their elevated status until the market comes back up so they can try more shenanigans and invent more kinds of money. They also have no business suggesting bonuses. It is against their fiduciary responsibility as a trustee of a public company.

Shudder now to consider that every business school graduate with access to those lofty positions is a Reaganite, which became a Bush, and that the entire moneymaking major league is as corrupt as our baseball heros have been on drugs.

Nobody should be in a position to choose between honoring our nation, values, etc. and accepting a commission on a sale from which proceed no actual dollars. It should be impossible. So we need to shut down the whole financial services sector and sort out which bastards to decapitate. These guys have ruined themselves and fail to recognize the money they're leaving with is stolen. They must be ruined.