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WASHINGTON - Days after it got a federal bailout, American International Group Inc. spent $440,000 on a posh California retreat for its executives, complete with spa treatments, banquets and golf outings, according to lawmakers investigating the company's meltdown.
AIG sent its executives to the coastal St. Regis resort south of Los Angeles even as the company tapped into an $85 billion loan from the government it needed to stave off bankruptcy. The resort tab included $23,380 worth of spa t
Originally posted by Karlhungis
reply to post by TONE23
Let's see how outraged the law makers are when we have to bail them out again. It sounds like they have already blown through most of their last bailout money. It will be funny to see them come back again, hat in hand.... And we will just fork over more money. The fed will own all of their assets when all is said and done.
Originally posted by Karlhungis
You are a terrorist. What we are "supposed" to be doing is sitting at home finding out who gets voted off of dancing with the stars next.
Originally posted by Aggie Man
and....I saw on the news that the govt. approved billions more for AIG AFTER this incident hit the headlines. How angry can they make me/us?
Originally posted by reticledc
Originally posted by Aggie Man
and....I saw on the news that the govt. approved billions more for AIG AFTER this incident hit the headlines. How angry can they make me/us?
I wholeheartedly agree. How much of a smack in the M & F'ing face do Americans need to wake the hell up? March on these Leeches. We are pouring out our very lives at work to support these Wealth Mongers. How much is enough?!?!
I call for the prosecution of any executives that engage in this type of activity.
What is the responsibility of them to help themselves?
Fannie and Freddie were the first, then they all just lined up behind them. Are you going to tell me that no-one knew? No one!?.... All this time?
Of course they knew! That's why they did it!
If I could stand before congress, I believe that one phrase should adequately sum up what we all are feeling. "Go to hell you greedy bloodsuckers!!"
[edit on 8-10-2008 by reticledc]