It's a sober sided, substantive show with a few lighthearted moments. We begin with a discussion of the messages President Obama and Israel’s Shimon Peres sent to the people and government of Iran on the first day of its New Year. Then, everyone wonders, with TRILLIONS in bailout money, how the media and Congress have become so focused on the relatively small proportion that’s gone to pay bonuses AIG executives? Is it time for Geithner to go? Plus, Lawrence O'Donnell, who's sitting in for Matt Miller, pays tribute to the late Ron Silver.