Jake DeSantis

Jake DeSantis, an executive vice president of the American International Group's financial products unit, to Edward M. Liddy, the chief executive of A.I.G. 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.

The New York Times has a copy today of one of AIGs greedy EVPs - Jake DeSantis' - resignation letter. It is the same drivel that we have heard every day for the past 3 years. DeSantis' letter is a dichotomy of crap. He is leaving AIG because "we in the financial products unit have been betrayed by A.I.G. and are being unfairly persecuted by elected officials." Good - he's one less employee that will need to be fired.

He goes on to spew, "I will now leave the company and donate my entire post-tax retention payment to those suffering from the global economic downturn." Adding, "I take this action after 11 years of dedicated, honorable service to A.I.G....I can no longer justify spending 10, 12, 14 hours a day away from my family for the benefit of those who have let me down."