Sunday, March 29, 2009

Jack DeSantis is a Douchebag

Jack DeSantis, former AIG Financial Products employee, quit and his resignation appeared in the Op-Ed page of the NY Times.

http://www.nytimes.com/2009/03/25/opinion/25desantis.html

Here, is an excellent response written by Matt Taibbi, writer for Rolling Stone.

http://www.smirkingchimp.com/thread/20988

My question is - Why are we (the taxpayers / US Government) merely trying to get back the bonuses paid to these scumbags? We should be pursuing criminal fraud charges against f-ing douchbags like DeSantis.

Yeah, I know he says he is going to give the bonus money to charity.

So farking what?

That's just an attempt to deflect attention from the fact that he was a highly paid member of the AIG investment gang that perpetuated one of the largest fraudulent schemes ever - which defrauded AIG shareholders - and ultimately the American taxpayer.

At first read, DeSantis makes an almost sympathetic case for himself. He was totally ignorant of the atrocities being committed by others. He had nothing to do with the CDS fraud. He’s totally innocent. Why, he was working quietly over in his little corner and had nothing to do with anything. It’s all those other guys' fault. And now he is being unfairly hounded and the riches he was promised (and got) are his – his alone (to donate or whatever).

Bullshit.

If you read his resignation letter a second time - and a little closer – it sounds more like the “I was only following orders” defense.

1 comment:

井上エイド said...

I find it interesting that when bad things happen, they say "I deserve the bonus because I wasn't part of the people that did the bad things. Why should I be punished?"

Yet when times are good, they're quick to state how everybody had a hand in the success and everybody should get bonuses even if their role in the profit windfall is unclear.