There are two underreported financial stories. The first has witnessed no outrage. IBM Corporation announced on March 25, 2009, that it will lay off 5,000 U.S. employees. Many of the jobs are being transferred to India.

They also stated that U.S.based programmers etc. could apply for the positions in India but at the prevailing lower wage. Not one word from congressmen and senators who were, only last week, outraged at AIG bonuses.

As for bonuses, congressmen on the U.S. House Government Committee on Oversight and Reform have been howling in the media about bonuses since Dec. 1. The committee's website has a lot of evidence. New York Gov. Cuomo has done an about-face.

He's been involved in bonus talks with AIG since October and condoned them because the company needed to be rebuilt.

Further, since 2004 there's been a government-appointed attorney who's been on site and inside AIG board-committee meetings. In four years, he's witnessed a lot, including compensation issues. He reports to top treasury and federal officials, and he cannot disclose what he knows to the public. Finally, all material financial matters are disclosed in public domain documents, such as Securities and Exchange Commission 10K , 8Q and annual report filings.

In 2007 and '08, anyone could research bonuses. Yet the House and Senate stir up outrage the weekend before the bonuses are paid.

The biggest outrage is that the information was out there before Jan. 20, and they did nothing about it.

This should be the real outrage! Robert Pisapia Westlake Village