Anyone Still Think That Bailout Was a Good Idea?

After Bailout, AIG Execs Lounged At Resort

“Less than a week after the federal government had to bail out American International Group Inc., the company sent executives on a $440,000 retreat to a posh California resort.”

“The tab included $23,380 worth of spa treatments…”

While we’re on the topic of AIG executives:

“Lawmakers also upbraided Sullivan, who ran the firm from 2005 until June of this year, for urging AIG’s board of directors to waive pay guidelines to win a $5 million bonus for 2007 – even as the company lost $5 billion in the 4th quarter of that year”

(For the record, in case my prior posts didn’t clue you in, I was totally and completely and wholly opposed to this bailout. This B.S. is exactly why.)

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