It's true about his openness and transparency.
I think the Federal Reserve should have done something because they were the ones giving AIG the bailout money as I understand it. If they're giving taxpayer money to a company that failed they certainly should be aware of the fact that it's a stupid policy to reward the people who caused it to fail with million dollar bonuses. Even if they were under contractual obligations to pay those bonuses, it would have been better public policy to deny them and have the potential recipients sue them in court to get them rather than just hand them out. How many of those executives would have had the balls to go to court to try to get their bonuses?

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1977 300d 70k--sold 08
1985 300TD 185k+
1984 307d 126k--sold 8/03
1985 409d 65k--sold 06
1984 300SD 315k--daughter's car
1979 300SD 122k--sold 2/11
1999 Fuso FG Expedition Camper
1993 GMC Sierra 6.5 TD 4x4
1982 Bluebird Wanderlodge CAT 3208--Sold 2/13

My guess, based on no expertise whatsoever, is that the Fed isn't worried about whether we should reward people who have done bad things. The Fed only cares about the effect its decisions will have on the economy. That's my story and I'm sticking to it.That approach makes sense to me.