AIG Party after Bailout
Have you ever thrown a party, celebrating an event or special occassion? Yes, I know you have, we all have. You just got the job, and your spouse takes you out to celebrate. Now when you are in a budget crisis and go out to celebrate do you have complete disregard for the money you spend? Will you spend Half-A-Million, wait a minute that's more than my house is worth...
AIG and their present management are some of the smartest cats on the block, wouldn't you agree? After they are saved from complete failure and utter ruin by the Feds Bailout Money. Instead of trying to conduct smart business, and pay debt off, they party it up at St. Regis Monarch Beach Resort...I wonder how they got there, was it on a private jet?
This is just another sample of good business strategy for a failing company, blow the Tax Payers money on food, wine, spa treatments, and some of the nicest diggs in the Country. At least they didn't fly overseas to blow the money in another Country.
Is this the future of our Country, are these the examples that the Feds, Politicians, Presidents want set for good business practice? I hear alot of barking, and Outrage, but where is the bite? After this well over $400,000 in partying they actually have the audacity to continue to ask for more and more money.
AIG - 180 Billion given in Bailout Money as of Dec. 2009
Here are many news articles, I urge you to discover your own truth. Read and decide on your own:
Fox News 10/07/2008 LA Times 10/08/2008 Washington Post 10/2008 ABC News 10/07/2008
Bloomberg 10/09/2008 Washington Post 10/07/08
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