Wednesday, March 25, 2009

Quitting in style 

I'm the last righty blogger in America to link to this, a letter of resignation from one of the villified AIG executives to CEO Ed Liddy. If somehow you missed it, read it.

Props to the New York Times, of all papers, for publishing it, and Andrew Sullivan for bucking his fellow travelers.

The blog reactions to Mr. DeSantis' letter expose the enormous and fundamental gulf between left and right over the question of wealth. The lefty bloggers, almost to a one, argue that DeSantis has what he has because of luck and therefore really has no basis to be aggrieved. The righties, though, believe that a deal is a deal, that prosecutors should not use their awesome power to nullify contracts, and that people who work in reliance on a promise of payment later ought to get that payment.

And, of course, we wonder who will wind down AIG's financial products business. Who knows the book other than these people?


By Blogger Christopher Chambers, at Wed Mar 25, 11:28:00 PM:

Are you buying crystal meth from some redneck in a trailer? It seems so, from this post...lol  

By Anonymous Anonymous, at Wed Mar 25, 11:48:00 PM:

I wonder how many of the AIG bonus recipients voted/donated to the dems and the 0-man? Oh the irony would be delicious.  

By Blogger cubanbob, at Thu Mar 26, 01:38:00 AM:

When are the real criminals, the democrats who put all of the pieces in play to allow this mess to happen, when are they giving back their bonuses, perks and retirement funds?  

By Anonymous Anonymous, at Thu Mar 26, 08:11:00 AM:

And it still irks me that the lefties institute this class warfare but it's against the guy working in business for the millions. They have no problem with athletes, hollywood or socialites like Paris Hilton making/having that kind of money. Enough already!  

By Blogger My name is Inigo Montoya, at Thu Mar 26, 08:39:00 AM:

'I wonder how many of the AIG bonus recipients voted/donated to the dems and the 0-man? Oh the irony would be delicious.'


I remember speaking to a family friend (senior investment banker) before the election, and he said he supported Obama - I asked why, and got the old 'Oh, well, I think people need a little change' line...

Some change...  

By Anonymous Anonymous, at Thu Mar 26, 10:36:00 AM:

According to OpenSecrets.org, there is a Jason DeSantis who works at AIG and donated $2,100 to Chris Dodd. That worked out well.  

By Blogger sleeper, at Thu Mar 26, 05:30:00 PM:

Do I understand correctly that DeSantis and other executives worked for $1 salaries and bonuses were their only real pay?  

By Blogger JPMcT, at Sun Mar 29, 01:30:00 PM:

"Are you buying crystal meth from some redneck in a trailer?"

Can we please refrain from such rascist statements on these blogs?

Even if it is a non-sequitur.


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