A resignation letter from an AIG executive
, Jake DeSantis, to boss Ed Liddy, long and full of hurt feelings ("you failed to stand up for us in the face of untrue and unfair accusations from certain members of Congress last Wednesday... you didn't defend us against the baseless and reckless comments made by the attorneys general of New York and Connecticut") appears in the Times
. As you might imagine, rightbloggers cry him a river. "Are we better off because a skilled trader has left," says Megan McArdle
, "and his book will now be wound down by someone who doesn't know it, or the markets, as well?" "They are heroes," says Don Surber
of DeSantis and all the brave AIG execs. "They are victims of a rich hunt." "WHEN THEY CAME FOR AIG..." ominously intones Power Line
. "Say goodbye to 'life, liberty, and the pursuit of happiness,'" cries Dr. Sanity
, "and prepare to be assimilated into the collective."
Inevitably some say DeSantis is Going Galt. "Jake DeSantis Shrugged," says Never Yet Melted. Prepare for the economy to grind to a halt; an executive vice-president at a failed business has resigned.
"At AIG, just like everywhere else," generously allows the American Spectator, "there are people who are suffering as a result of the irresponsibility and sins of others." But most of us who have been struck by the fragments of the solid-gold speculative bubble -- burst by AIG, among others -- don't get Op-Eds in the Times. If you get a shit deal from your job, neither the Times nor Dagny Taggart will rush to comfort you -- which probably just proves to these folks that your pain is less important than that of a 17-year high-finance veteran whose spectacular early retirement (to whatever miserable hovel such a career affords) now breaks their hearts.