Thinkprogress:
Today, the House Oversight Committee discovered that, just one week after the federal government bailed out insurance giant AIG, company executives went on a retreat to a luxury resort. The executives spent nearly $500,000 on manicures, facials, pedicures, and massages. During a hearing today, Rep. Elijah Cummings (D-MD) asked, “Have you heard of anything more outrageous?”:
CUMMINGS: Let me describe for some of you the charges that the shareholders, taxpayers, had to pay. AIG spent $200,000 dollars for hotel rooms. Almost $150,000 for catered banquets. AIG spent $23,000 at the hotel spa and another $1,400 at the salon. They were getting manicures, facials, pedicures and massages while American people were footing the bill. And they spent another $10,000 dollars for I don’t know what this is, leisure dining. Bars?
5 comments:
Who did we bail out??
The taxpayers??
or the Execs??
We bailed out
THIEVES!!!!!!!!!!!
The next time AIG rat bastards want to go to a hotel, let's call the Eagles and they can stay at the Hotel California.
They can play the beast.
My friends the World Leaders and investors saw what the US did with the bailout money. Yes my little furry friend not a dime has gone to the Banks but Billions have been handed out and Goldman Sachs got their share as soon as the money was released. Paulson couldn't get his hands on the money fast enough. What Americans didn't know is this STING was set up by Goldman Sachs and the White House. While Americans were listening to the news Bush took 800 billion for the bailout, 85 Billion for AIG and 900 Billion was given to the Feds. There will be more to come as needed. As long as Americans don't say anything Bush will continue taking Billion and lying about what it's for.
They should be put in a jail cell for their vacations, these executives made millions upon millions, and if they cut back their salaries and expenses to something less obscene then that would have prevented a lot of this in the first place, unadulturated uncontrolled greed is what got them where they were.
They should not have been bailed out at all they could have cut their pay, and all their exec, and all the expenses like the smaller banks who are still above water with no bail out assistance....you know running things the old fashioned way
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