After 12 months of hard work dismantling the company -- during which
A.I.G. reassured us many times we would be rewarded in March 2009 -- we
in the financial products unit have been betrayed by A.I.G. and are
being unfairly persecuted by elected officials. In response to this, I
will now leave the company and donate my entire post-tax retention
payment to those suffering from the global economic downturn. My intent
is to keep none of the money myself.
claims are true (and
he seems very credible), he and people in his position have been
scapegoated and exploited in a particularly nasty manner.
Professor Althouse has Barney Frank pegged
as either a liar or incompetent fool. Or, most likely, an incompetent
The Hill is
reporting that Senate Budget Committee Chairman Kent Conrad (D-ND)
"has slashed Obama's proposed increases in domestic
discretionary spending from 12 percent to 6, according to lawmakers who
met with Conrad."
Moral: Beware of people who talk about "slashed" budgets, when all they
really mean is they changed a budget increase from "indefensibly
Unquoted opinions expressed herein are solely those of the
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