CREDIT DEFAULT SWAPS

Dear Friends,

I read with glee the letter that Jake DeSantis wrote to Mr. Liddy, submitting his resignation to AIG.

The reason that I am joyful is that since I first learned of the $165m in bonuses paid by AIG I also learned that not all of the employees receiving bonuses were responsible for the financial debacle that we are in now.

In the past few days I have learned of protesters in CT standing outside of AIG bonus receivers homes – protesting as many Americans lose jobs, homes, and well just about everything.

I thank Jake DeSantis for coming forward and stating that his division is actually profitable in accountable dollars and he thought that his contract with AIG would be honored.

I think that we have all seen in the past 64 days as President  Obama has stood by his “men and women” as the public and media have attacked their plans.

It is unfortunate that Mr. Liddy put all his eggs in one basket and had them labeled bad apples.  While I understad that some executives are returning bonus monies on principal-SHAMING people into returning hard earned money is an unfortunate consequence of the larger debacle we are in.

Wall Street needs Main Street and vice versa.

Now if we could act as a country and stand by our people and our contract (The CONSTITUTION) with each other.

Thank You and Good Night,

Nyenye

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