Free Republic

In today's New York Times, an employee of AIG has written a commentary that is in effect his so called two weeks notice. The employee, Jake Desantis, may have spun this scandal on its heels and turned it again into a direction no one expected. DeSantis explains that most of the current staff of its troubled Financial Products unit were not there when the unit practiced terribly irresponsible policy in marketing and writing the credit default swaps that have caused so much trouble. In fact, most of the units' current employees were brought into the division in order to try...

DEAR Mr. Liddy, It is with deep regret that I submit my notice of resignation from A.I.G. Financial Products. I hope you take the time to read this entire letter. Before describing the details of my decision, I want to offer some context: I am proud of everything I have done for the commodity and equity divisions of A.I.G.-F.P. I was in no way involved in — or responsible for — the credit default swap transactions that have hamstrung A.I.G. Nor were more than a handful of the 400 current employees of A.I.G.-F.P. Most of those responsible have left the...