There is understandable anger with AIG and this whole bonus issue. AIG has received billions upon billions of dollars and now plan to give the people who lost the money millions upon millions of dollars. It's outrageous, and people should be angry.

The trouble is AIG did not receive its money from TARP, which was the bailout measure that Congress voted on. Now TARP has a lot of issues and this is not a defense of TARP, but you cannot blame Congress or President Obama for the AIG bailout mess because they were not any part of the deal that was worked out with AIG. AIG has received it's money directly from the Fed, and the contract was signed by Henry Paulson and Ben Bernacke. Part of the problem was the President Bush washed his hands of this problem and told Treasury and the Fed to fix the mess.

Congress never wrote a law for the AIG bailout because the Fed used a law from the late 1800's to give money directly to AIG as an insurance company. Cenk kept going back to the legislation, but there was no legislation.

Now Tim Geithner may or may not have been part of this deal, and he should be dragged up to Capitol Hill to explain his role, along with Paulson and Bernanke.

President Obama really might have been surprised by the deal, because as a Senator he had no input to the deal that the Fed was making.

Should this have been done in a different way? Of course. Is there a better way? Of course. What is it? I have no idea, but we have to make sure that our anger is placed right.

The Congress and the President have to do a better job of cleaning this mess, and getting control, but we also have to have an honest take on the mistake, and in this case it was not TARP, but a screw-up by Paulson and Bernanke.