The Bailout Works

[Mr. Big Dog 10,747]

After Bailout, AIG Execs Head to California Resort

Rescued by Taxpayers, $440,000 for Retreat Including "Pedicures, Manicures"

By BRIAN ROSS and TOM SHINE

October 7, 2008—

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.

"Rooms at this resort can cost over $1,000 a night," Congressman Henry Waxman (D-CA) said this morning as his committee continued its investigation of Wall Street and its CEOs.

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.

"Their getting their pedicures and their manicures and the American people are paying for that," said Cong. Elijah Cummings (D-MD).

"This unbridled greed," said Cong. Mark Souder (R-IN), "it's an insensitivity to how people are spending our dollars."

Tax dollars at work. Isn't it just wonderful?

[Trumplestiltskin 5,791]

I'm with Michael Savage on that one - as good a case as any for pouring hot lead down their throats.

[HAL 9000 96]

Damn... can't say we weren't warned now can we??

[Ban Hammer 14,674]

grrrr

[Trompe le Monde 1,107]

Yep - this is what happens when you ram legislation through faster than the Patroit Act thru scaremongering

[almaty 19]

Ceos need to love good for their next major clusterfuck

[HAL 9000 96]

Damn... imagine the VJ Retreat we could all have there. Of course, to fit everyone in we could take the cheaper package.

[Ban Hammer 14,674]

Damn... imagine the VJ Retreat we could all have there. Of course, to fit everyone in we could take the cheaper package.

you worry me when you talk like that.

[HAL 9000 96]

Damn... imagine the VJ Retreat we could all have there. Of course, to fit everyone in we could take the cheaper package.

you worry me when you talk like that.

Heck we can even take Bosco.

[almaty 19]

what?/ of course he is going..who is going to perform the mandated donkey show..now that eric is banned, yet again

[HAL 9000 96]

[mawilson 2,133]

I'm with Michael Savage on that one - as good a case as any for pouring hot lead down their throats.

No, I like the idea of giving them an actual "golden parachute" and kicking them off the plane.

Edited October 7, 2008 by mawilson

[Sprailenes 47]

Pathetic.

[spookyturtle 9,466]

Good thing the Dem's were against the AIG bailout.