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.

About tychay

light writing, word loving, ❤ coding
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5 Responses to Financial smackdown

  1. tychay says:

    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. tychay says:

    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.

  3. Pingback: The Woodwork » Blog Archive » New York vs. New Yorker

  4. Pingback: The Woodwork » Blog Archive » Taibbi

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