Financial smackdown

Two weeks ago, Matt Taibbi wrote an impressive article using A.I.G. as an anecdote for the failure of the economy.

Last week, one of the most e-mailed articles in the New York Times was the resignation letter of an A.I.G. Financial Products executive, Jake DeSantis.

So, of course, he had to respond.

Oh my! :-O

Perspective

A year and a half ago, the New York Times published an article from my neck of the woods about an article on the “working poor” millionaires of Silicon Valley. It was the most e-mailed article for a month straight.

As my brother cogently put, “And you can bet that people in the rest of America weren’t e-mailing it to each other with the comment, ‘Oh those millionaires in Silicon Valley have it so bad!’”

We need a little perspective.

5 thoughts on “Financial smackdown

  1. Here’s another one from the wife of an AIGFP exec.

    Scroll down for the comments:

    Well there is this…..

    http://edisonrex.livejournal.com/807.html

    Top engineers are hard at work making a violin small enough for these people. Maybe that is how the economy will turn around…ever increasingly smaller violins for these tales of woe.

    $10k a month for a house in London
    $2k a month for a house is Connecticut
    $1800 a month for “utilities”
    $30k a year for their kid’s school

    Ohhh poor people. I feel so sorry that you cannot afford your international real estate and your expensive private school on the “nominal” salary. Give me a freaking break.

    Sorry Daily Intel, these people get no sympathy from me and it disappoints me a little that you do not share my anger.

  2. Strangely, my brother remembers Jake Desantis at MIT. They were in the same class and from the same hometown (Pittsburgh), but he used to go by “Jason” back then.

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