Wednesday, March 18, 2009

Bonus outrage

One thing that characterizes the bonus outrage is ignorance. No one knows who gets the bonuses or anything about AIG's obligation to pay them -- no one but insiders. That doesn't prevent people from going ballistic about the bonuses. Everyone has an opinion, even if they're ignorant.

Ignorance doesn't stop people writing to the LAT, nor the LAT publishing their letters. A case in point: An ignoramus named Braverman wrote recently in the LAT about the Jon Stewart/Jim Cramer confrontation and made the following idiotic points:

-- CNBC "missed" the "financial tsunami."

-- Most people believe what they see on television.

-- "Corporate-owned CNBC's only real goal is" to make money.

-- CNBC allows "experts" to say anything they want.

-- "We" really need to "reign these guys in."

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