President Obama and the Democrats are getting what they wanted - AIG executives are bailing.

Reuters reports that some AIG executives are bailing from the company. The attacks by the President of the United States and the Congress on their retention bonuses and very real concerns about the safety of their families undoubtedly influenced their decisions.

According to the article:

A handful of senior executives working within American International Group
Inc's controversial financial products unit have resigned, said a company
spokeswoman late on Monday.

The division is at the heart of the financial problems that brought AIG to the brink of bankruptcy last September, saved only by a taxpayer bailout that has now swelled to as much as $180 billion.

The spokeswoman declined to specify the exact number of resignations, noting they
were expected to be "manageable," and said there were indications that more will
follow.

The purpose of the bonuses was to retain people who knew the business. Our political leaders have retroactively set aside the retention bonuses and insulted the recipients. Undoubtedly, more will leave as they find new jobs or simply go "John Galt."

Will anyone remain who can sort out the complexities of the derivatives to salvage some of the assets the taxpayers now own? Thanks to our political class for their stupidity. Will they learn from this fiasco? I doubt it.