No sympathy for the devils!

(Via Alternet)

"I take this action after 11 years of dedicated, honorable service to A.I.G. I can no longer effectively perform my duties in this dysfunctional environment, nor am I being paid to do so. Like you, I was asked to work for an annual salary of $1, and I agreed out of a sense of duty to the company and to the public officials who have come to its aid. Having now been let down by both, I can no longer justify spending 10, 12, 14 hours a day away from my family for the benefit of those who have let me down." via Op-Ed Contributor - "Dear A.I.G., I Quit!" - NYTimes.com

Like a lot of people, I read Wednesday's New York Times editorial by former AIG Financial Products employee Jake DeSantis, whose resignation letter basically asks us all to reconsider our anger toward the poor overworked employees of his unit.

DeSantis has a few major points. They include 1) I had nothing to do with my boss Joe Cassano's toxic credit default swaps portfolio, and only a handful of people in our unit did 2) I didn't even know anything about them 3) I could have left AIG for a better job several times last year 4) but I didn't, staying out of a sense of duty to my poor beleaguered firm, only to find out in the end that 5) I would be betrayed by AIG senior management, who promised that we would be rewarded for staying, but then went back on their word when they folded in highly cowardly fashion in the face of an angry and stupid populist mob.

I have a few responses to those points. They are 1) Bullshit 2) bullshit 3) bullshit, plus of course 4) bullshit. Lastly, there is 5) Boo Fucking Hoo. You dog.

Am I really supposed to feel sorry for the investment bankers (until 1999 a contradiction in terms) who are losing "bonuses" that they were getting regardless of their companies taking a nose dive? With I be made whole for the thousands of dollars I have lost in my IRA during this debacle? Is Wall Street really still thinking they can call the shots about how to fix the economy they have ravished?

These guys are at best idiots, and at worst con men. They deserve contempt and derision for the mess they have made, and even a look at criminal charges for some of them, not just Bernie Madoff.

Fuck these clowns.