Things continue to unwind politically for Treasury (and therefore for Obama). It is now widespread opinion that it is impossible that Treasury didn't know about the bonuses, and that Treasury is simply doing Wall Street bidding. Watch Arianna Huffington on Morning Joe show here.
I can't tell you how sad this makes me feel. If the country loses trust in the credibility and integrity of this administration, it will become lame duck overnight. And then all hell will break loose, because there will effectively be no leadership.