All in the game
I wonder: what did anyone think AIG was going to do with the bailout money? Purchase forbearance and moral reasoning? What makes money that was mooched any more virtuous than money created?
When AIG accepted the money, they agreed to the game and shouldn't be surprised politicians like Democrat Senator Tom Udall say things like “Give the bonuses back, or we’ll find a way to take them back.” That is what they signed up for.
(But maybe the U.S. and AIG didn't know what they were getting into, and thus, according to prevailing reasoning, deserve another bailout...)
Anyway, AIG Chief Edward Liddy now seems to be figuring out how it's going to work.