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Additional Details
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Veatrix Kiddo | A Week After Bailout: AIG Execs Take A Vacation? |
Just six days after sticking taxpayers with an $85 billion bailout, AIG's top executives dropped $500,000 whooping it up at a swanky California beach resort.
Among the charges American International Group racked up at last month's week-long retreat: $150,000 for banquets, $10,000 in bar bills, $3,000 on tips, $7,000 in greens fees, $23,000 at the hotel spa and $1,400 at the salon.
"They were getting their manicures, their facials, their pedicures and their massages while American people were footing the bill!" barked Rep. Elijah Cummings (D-Md.), a senior member of the House Oversight and Government Reform Committee, which is probing the ever-growing financial collapse.
http://www.nydailynews.com/money/2008/10/07/2008-10-07_aig_big_shots_get_500g_vacations_on_taxp.html |
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nobody
 |
yeah, after all the hard work they put in losing all that money they need a break. wouldn't you take advantage if you found out the government was going to hand you a large check with free money?
i bet their argument is, "my manicures are good for the economy. |
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Mikey
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This not really surprise Mikey.............. |
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Michael R
 |
Indeed. Olbermann mentioned this on his World's Worst segment the other day:
http://www.msnbc.msn.com/id/21134540/vp/27057346#27075883
Pretty much what everyone was afraid of.
And even if it was pre-planned before all the market strife, c'mon guys, show a bit of restraint?! |
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Ralph N
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The gov't should check all bills and invoices. they should fire the people who signed for this. |
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mbrcatz
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Yes. The REAL purpose of the bailout, was to continue to allow this company to make poor business decisions.
The "credit crunch" issue, is that the US Congress and President, wish to allow people to keep borrowing more than they can afford to pay back.
I've said it before - I'd LOVE to know how many of our politicians own exactly how much AIG stock. I truly believe they've only passed this to bail THEMSELVES out. |
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