Posted on 10/07/2008 12:51:40 PM PDT by steve-b
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."...
(Excerpt) Read more at abcnews.go.com ...
One needs a massage after looting and pillaging.
Sadly, there is no sarc tag to be put here.
Hang em high!
you can’t honestly put “Waxman” and “investigators” in the same sentence and BELIEVE it?
What an a—h*le
All Congress needs to do is stipulate that for any firm being "bailed out" the Government Service (GS) wage scale will be imposed.
It's not like the government doesn't successfully hire CPAs, lawyers, economists, etc. with those wage offerings ~
Wonder why Henry doesn't want to do that?
It’s really hard to focus attention on the crooks in Washington when these a$$ho!e$ pull this cr@p.
If McCain came up with that as a plan, I guarantee it would win him the election.
People are angry, and justifiably so.
I know the Business Socialist/Liberal Globalist element in here will poo-poo this, but it is absolutely treacherous for AIG execs to go party after they are bailed out by the government.
This stinks even more as I am watching the stock market tank again...of course the Business Socialist/Liberal Globalist crowd will make some excuse for this failure
Yeh.....and after Katrina, 50 Congress Reps went to Holland to learn about dams and dikes....They all paid their own way, right??
When the elite thumbed thier noses at the French, mass executions began. I wouldn’t mind seeing a few of these greedy, corrupt heads roll.
Kinda like your parents paying off your credit card, then to celebrate you immediately go out and run it up again. Morons.
See DealBreaker’s coverage of this.
http://dealbreaker.com/2008/10/we-also-have-reason-to-believe.php
NYS Insurance Superintendent Eric Dinallo (nominated by the infamous ex-Governor Eliot Spitzer) actually DEFENDED these expenditures in his testimony. And as at least one of the DealBreaker posters helpfully pointed out, it’s unlikely that “manicures, pedicures, and facials” were the services really provided for the $150,000. But of course it would be a tad uncomfortable for Spitzer-pal Dinallo to explain in public what sort of services were actually rendered.
Over the history of the Republic millions of Americans have worked for the government and successfully carried out their assigned tasks. They worked at government wages. Many of them were as well educated and as intelligent (and aggressive) as their counterparts in the private sector.
With the government literally taking over these businesses, the government pay scale makes a lot of sense.
Fine, now oh mighty “non-partisan” ABC, tell us just where are Jamie Gorelick, Franklin Raines, and Jim Johnson residing today - all with their $8 figure exit passes from Fred and Fan.
Oh sorry, oh great ones at ABC, I forgot that that - the Freddie and Fannie failures - never happened, at least not according to the Obama campaign instructions to the media!!!!!
Your typical "elite" escaped, or was, in fact, running chunks of the Revolution.
Napoleon understood these people which is why he was able to subvert the whole thing so readily.
Its just business, nothing personal. /s
Located midway between Los Angeles 4th and San Diego 5th Circle of Hell , the Tuscan-inspired St. Regis Resort, Monarch Beach is devoted to the pursuit of service greed and elegance self gratification with a seamless blend of comfort moral depravity and technology mindless indulgence.
no. No. NO NO!!!!!
The last thing we want is for them to start emulating the federal government! First, they would all be SES (Senior Executive Service) which has slightly higher pay. Next, they would contract with the exact same resort to hold a conference there. They would lock in government rates for their employees for the rooms and pay 10x the going rate for the meeting space and meals (thus satisfying the resort’s requirements). Then they would invite everyone and their uncle to the conference to feast at the trough as well. Do we really want them to act like government employees? ;)
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