AIG Luxury Retreat on Taxpayers Tab

[SHELLY]

AIG Executives Blow $440,000 After Getting Bailout

If you'd just gotten a government bailout, you might be tempted to hold a retreat at a nice California hotel -- and that's exactly what American International Group executives did.

One of the items discussed (during the Committee on Oversight and Government Reform hearing on Tuesday) was AIG?s expenditure of $440,000 for a corporate retreat at the St. Regis Monarch Beach resort in Los Angeles, Calif. These funds were spent on Sept. 22, a week after the Federal Reserve extended an $85 billion emergency loan to AIG to keep it from going bankrupt due to insurance liabilities.

According to the receipt from the St. Regis, the eight-day company retreat was a lavish one -- $139,000 was spent on hotel rooms, while even more money -- $147,301 -- was spent on banquets. Another $23,380 was spent on undisclosed spa treatments and another $6,939 was spent on golf. A full $9,980 was spent on room service and food and cocktails at the hotel lounge.

http://www.foxbusiness.com/story/markets/industries/finance/aig-executives-blow--getting-bailout/

 

[Miss Kitty]

I didn't even get a lousy postcard.

 

[jensieblue]

Aig

I think this whole AIG thing is obscene...I don't know whether the previous post noted this or not, but I heard on this evening's news that the AIG employee in charge of managing high risk investments continues to draw his $1million/month salary.

 

[Rita]

.

Time to SEND IN THE POSSE!
.

.

 

[John R]

and our representatives thought it was a good idea to throw in 700B more to the party fund. it doesn't even begin at obscene.

 

[30abob]

I'm beginning to believe you should be required to minor in history if you decide to major in business/finance/accounting/political science. How many times does history need to repeat itself before someone catches on?

 

[For The Health Of It]

I was just about to post this same topic and saw you beat me to the punch. This is appalling but not unbelievable. More of the same. Shelly thanks for posting this...

 

[BeachSteelers]

It's all completely obscene. Watching them before congress made me want to vomit. How long before people take revenge on the AL Crooked Tie Terror Organization that's crippling our Country. Bentleys need to blow up and assets sized. Where's the FBI and Justice Dept. ? SEC Hello WTF have you'll been doing. Not since Ronnie outspent the Soviets building nukes have I ever been so worried about the USA. I think MBA now stands for More Billions Annexed.
Thank You Harvard,Yale and the rest of the Ivy League Schools these A-Holes all seem to hail from. May the Devil slow roast and Sodomize them.
May Buddha sent them back as Maggots to feast in pig waste.
May Justice Dept. indict and bring to trail and jail these crooks before my other 2 wishes are filled.
State Pens Not Fed Pens and then maybe they get some payback.

Or am I too Mean?
Doubtful

 

[tsutcli]

I think this whole AIG thing is obscene...I don't know whether the previous post noted this or not, but I heard on this evening's news that the AIG employee in charge of managing high risk investments continues to draw his $1million/month salary.

Actually I understand that he was fired, which he richly deserved. But then AIG hired him back as a consultant for $1M/month. What a bunch of geniuses we bailedout. They ought to all go to jail.

 

[30A Skunkape]

Less than $10,000 on room service and cocktails? They sound pretty thrifty. Whazzup?