U.S. taxpayers are being asked to accept the premise that those who designed the complex financial instruments that brought down AIG (nyse: AIG - news - people ) should now be rewarded with bonuses because only they can disentangle the mess they made. If they were not given bonuses, they would presumably leave and sign on with rivals of AIG, where they could use their knowledge of AIG and work against its interests, and those of the taxpayers who now own 80% of the company. (In fact, New York State Attorney General Andrew Cuomo found that some people who got the bonuses have already left AIG.)

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(3/19/2009)