Tom Maguire, at the end of a great post on JournoList (why do I keep wanting to add an “e” to the end and pronounce it JournoListe?) argues that the AIG bonus story warrants the coverage it has been getting:

… if Obama is not coordinating with his Treasury secretary, who is in turn talking neither to the Fed nor his missing staff, then yes, we have a real story here.

Fair point. I think the bonus story is overblown, but the attention it got on the Hill and in the press put a lot of pressure on the administration and revealed some ugly truths about the dysfunctional state of Obama’s team. Even Josh Marshall at TPMOppo-research — gotta be a JournoLista, right? — is a little unnerved.

As a side note, Maguire is really heating up on this AIG stuff, which he has the ability to do when he’s into a story, so his blog should be a frequent stop for perspective as long as AIG stays in the news.