Wednesday, March 25, 2009

One AIG exec speaks up

No doubt one of many resignation letters. The whole Congress and Cuomo and Blumenthal should all be ashamed of themselves.
But you also are aware that most of the employees of your financial products unit had nothing to do with the large losses. And I am disappointed and frustrated over your lack of support for us. I and many others in the unit feel betrayed that you failed to stand up for us in the face of untrue and unfair accusations from certain members of Congress last Wednesday and from the press over our retention payments, and that you didn’t defend us against the baseless and reckless comments made by the attorneys general of New York and Connecticut.

This, too, puzzled me about Liddy's testimony. This whole thing has been an utter outrage, and my outrage is not directed at the fact of the bonuses.


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