I am outraged, that this morning, there is already a spin being placed on the AIG debacle. This testimony very CLEARLY states that The Federal Reserve and "experts" appointed from The Reserve (Morgan Stanley and Ernst &Young) were the ones that determined that the bonuses could be issued! The banking cartel, decided how YOUR tax money, could be used as a bonus! Let this information sink in because, it means that YOUR money is now being controlled by private bankers.
If you are still wondering who calls the shots in Washington, you had better look into who can give the proverbial "nod".
As a final note, the head of Ernst & Young's name is Jim Turley and the following information was pulled directly from his bio :
Jim is actively engaged with many stakeholders as part of Ernst & Young’s commitment to enhancing the public’s trust in professional services firms and in the quality of financial reporting. He has encouraged dialogue with key stakeholders across the globe regarding the many changes facing the world capital markets, including the advent of the Sarbanes-Oxley Act in the United States, the introduction of International Financial Reporting Standards in more than 100 countries throughout the world, and the overall movement toward greater convergence of global accounting standards and global governance.