Tuesday, October 07, 2008

AIG has started spending the bailout money!

ABC: Less than a week after the federal government committed $85 billion to bail out AIG, executives of the giant AIG insurance company headed for a week-long retreat at a luxury resort and spa, the St. Regis Resort in Monarch Beach, California, Congressional investigators revealed today.

...AIG documents obtained by Waxman's investigators show the company paid more than $440,000 for the retreat, including nearly $200,000 for rooms, $150,000 for meals and $23,000 in spa charges.

"Less than one week after the taxpayers rescued AIG, company executives could be found wining and dining at one of the most exclusive resorts in the nation," said Waxman as he prepared to question AIG executives.

4 comments:

Anonymous said...

Yes, I saw one of their CEO's on his way to testimony. CNN reporter asked him about the "retreat". He did not know what to say. What can WE say about these non-people? Is calling them leeches, parasites not offensive to these animals? These so called business leaders are far worse than any life form but life formes like them.
Who do they think they are? Most of them if you look at them they don't look anything special or anything to look at. Just ordinary looking just like "Joe, six pack" and jet they come up with spending shemes unheard of till you hear what they are doing. Almost 1/2 milion for few of them over weekend. Did they maybe order in some of those girls the former governer of NY used? With Viagra and other ED drugs these pathetic old man are able to do something more than just eat like pigs and drink like winos. What is even more pathetic and antisocial and anti anything decent, they pig out on other's money. Be it shareholders' and now taxpayers'. They don't use their own money ever, even when it comes buying their groceries, I bet. And that after they steal, cheat and con thier way to our money in billions.
Did you see that other one yesterday admitting taking out of LB 250 million on top of his regular salary. He disputed the claim by congressman that it was 1/2 billion. He also (to my surprise) admitted "it is still lot of money".
Some commentators think the USA style of capitalism is over, dead. I and I am sure billions around the world hope it is so. It did us nothing but damage if you really think it through.

Anonymous said...

Well well...
I saw it here first...before Barack mentioned it last night.
Keep blowing your whistle!

Anonymous said...

Mr. Rost-
FYI-When I click onto your site, I get an ad for the horror flick "The Descent". Which I found pretty funny, considering it happened when I clicked on to read the comments for this post on AIG..."The Descent", indeed!

Anonymous said...

Well at least someone will have a nice Christmas, we have people out of work, loosing jobs everday, more people loosing homes, banks in recievership and these scum bags are having a party on our tax dollars. I think we should let it all fail, why fund a loosing cause.