AIG: Please Hold for a Righteous Shitstorm

Paying out what appears to be $450 million in bonuses to its traders and executives, and repaying foreign banks with bailout money, AIG has just served itself up as villain #2, after Bernie Madoff.

"It makes me angry. I slammed the phone more than a few times on discussing AIG," Bernanke said. "It's - it's just absolutely - I understand why the American people are angry."

Phone-slamming Federal Reserve Chairman, never a good sign, particular just at the moment the administration has a strong political incentive to slow grill a corporate monster and invite everyone to the barbecue.

AIG, you've really done it now. You've made Barack Obama angry.