AIG's bonus payments of $165 million to executives made no one happy. Well, the executives probably didn't mind them. From Ben Bernanke to Lawrence Summers, we're all mad at these guys. But what do we do next? How do we navigate the rule of law versus operating with the knowledge that we're compensating people for bad decisions? For more, The Takeaway talks to our friend Dan Ariely. Dan is the James B. Duke Professor of Behavioral Economics at Duke University and author of Predictably Irrational.
"There's such a huge loss over this thing that the few million dollars here and there don't matter. The reason we care, though, is that it's an outrage." — Behavioral economics professor Dan Ariely on the AIG bonus payments
Federal Reserve Chairman Ben Bernanke discusses AIG.