Wall Street Loves Obama Plan For Bad Assets. GOPers Run for Exits

Since President Obama was sworn in on January 20th, he has maintained approval ratings between 60-70 percent. So, the GOP fringe, led by Faux News, turned to the performance of the stock market as a way to insist that President Obama was doing a bad job. Remember this?

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Well, how do you think the GOP feels about this? "Stocks spike on bank plan" is the headline on CNN Money right now. Can anyone else hear the footsteps of the GOP running scared?

AIG Bonus Money: Don't We Own These F---ers?

Here's what I just can't figure.

I may have some of the details wrong because I was working out on the West Coast when this whole thing went down (anyone remember Late Night from the Left Coast on BSB?), but it was my understanding that in exchange for the massive federal bailout of AIG, the federal government took 80% ownership in this enterprise. 

Which leads me to this question: don't we own these f---ers? And if we own then, it really ought to be a simple exercise to prevent the payout of the $165 million in bonuses that has the country up in arms. Just call a vote of the board of directors and that should be that. What's the problem here? I just don't get it. 

One more thing. If the reason we had to bailout AIG instead of letting them go kaput is because they were "too big to fail" without causing massive damage to our economy, then why isn't the government trying to break up not only AIG, but other firms that are "too big to fail?"