The financial meltdown and keeping perspective

I’ve seen a few people start saying that we shouldn’t be worrying about the misdeeds of AIG and other bailout recipients, because the problem we face makes their sleaze look trivial. Sure, AIG paid its employees massive bonuses after receiving bailout funds. Yes, the bonuses were even bigger than they admitted, an average of about a million dollars per person, going to the very people who destroyed the company, the folks in Joseph Cassano’s financial products division.