How "great" the bailout of AIG (oh, excuse me, the "rescue plan") is already working out!

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Rev Fever

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Oct 8, 2008, 1:04:31 AM10/8/08
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Is anyone really "surprised"?  Time for the torches and pitchforks...and GUILLOTINES, etc...

-Rev. Fever

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.
"They're 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."
Appearing before the committee, Martin Sullivan, the AIG CEO until June, said the company was overwhelmed by a "financial global tsunami," and that "no simple or single cause" was to blame.
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