Senator Grassley has never been a favorite of mine, and his latest tirade against AIG executives helps to illustrate why. First of all, when the Japanese apologize they usually mean it. They take that stuff pretty seriously. But, and more important, Grassley et al practically gave away the store when the subject of bailouts first surfaced.
AIG clearly has not mastered the fine art of reading the mind of the populace, let alone understanding the PR consequences of their decisions. Yet the Senate and House aided and abetted this when they gave out money with no strings attached at the behest of Bush and Paulson last fall. Grassley and his peers may not like to hear it, but they helped make this happen. Perhaps the good Senator should take his own advice.