Ed Morrissey of HotAir.com has a video today of Timothy Geithner being question by a congressional committee on March 3. It is clear from their discussion that the Democratic congressman doing the questioning, as well as Geithner, know about the AIG bonuses.

So, if the Congress knew about them and the Obama Administration knew about them, Morrissey wonders why the feigned outrage of the past week (emphasis added):

This whole episode has been a farce perpetrated by Congress and the administration to stoke artificial outrage over contractual compensation obligations. It’s a freak show put on by Democrats. They’re giving us populist circuses in order to build a mob mentality — but for what purpose?

To what purpose, indeed. We’ll find out, probably when it’s too late to do anything about it.