After An Exhausting Bailout, AIG Execs Needed A Break!

mimo2005 · 10-07-2008, 05:59 PM

After Bailout, AIG Execs Head to California Resort
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.

"Less than one week after the taxpayers rescued AIG, company executives could be found wining and dining at one of the most exclusive resorts in the nation," said Waxman as he prepared to question AIG executives.

AIG's Execs Pamper Themselves After Bailout

ABC News: After Bailout, AIG Execs Head to California Resort

**simpswr** · 10-07-2008, 06:22 PM

Like Waxman and his cronies never pampered himslef using the taxpayers money . . . These halfwits who try to go up againes buinsess leaders and embarrass themselves should at least hire good staff to keep them from doing that . .

What did any of that exchange do to help their understanding of the underlying problems . . .

mimo2005 · 10-07-2008, 06:26 PM

Quote:

Originally Posted by simpswr

Like Waxman and his cronies never pampered himslef using the taxpayers money . . . These halfwits who try to go up againes buinsess leaders and embarrass themselves should at least hire good staff to keep them from doing that . .

What did any of that exchange do to help their understanding of the underlying problems . . .

Perks the company couldn't afford if it needed a bailout. $440,000 is a lot of money, period.

Imagine you ask me for money to help you , because you are broke , then i find you the next day , in a fancy hotel , in the most expensive hotel suite ,having good times.

mimo2005 · 10-09-2008, 07:17 AM

AIG Gets Additional $37.8 Billion Fed Loan
http://www.forbes.com/feeds/ap/2008/...ap5529934.html

**simpswr** · 10-09-2008, 07:45 AM

The thing that bothers me more than AIG spending, is that Congress holds "Hearings" . . allegedly to understand what happened ( Enron for example ) . . Then turn it into a "Gotcha" contest with soundbites they can play back home to show how tough they were with "Those Guys" . . and do not learn one damn thing.

Did one single good thing come from the Enron hearings? . . from the AIG hearings?

Sadly, not one thing!

**sobeit** · 10-09-2008, 08:27 AM

Quote:

Originally Posted by mimo2005

AIG Gets Additional $37.8 Billion Fed Loan
http://www.forbes.com/feeds/ap/2008/...ap5529934.html

they needed that money to pay bonuses to their executives.

Seriously, I really dont think its a good idea to pour more money down the drain. Its really getting out of hand.

**linderman** · 10-09-2008, 12:47 PM

this is a mjor slap in the face for all the people who will be paying for the bailout for decades!!

let the rats drown ...........

**simpswr** · 10-09-2008, 01:00 PM

The AIG thing was a loan wasn't it? . . came before the bailout package. The stockholders are the ones who should be holding management accountable

**linderman** · 10-09-2008, 01:48 PM

just watch and see; in the end ...... who will come up short $$$$$$$$$$$$

**simpswr** · 10-09-2008, 02:11 PM

I hear ya . .

**linderman** · 10-09-2008, 02:46 PM

Just like when Frank Raines milked Fannie Mae ....... he walked away with 140 million ....... gets fined 30 some million as a settlement ........ no jail ..... no media coverage

if you let me "steal" 140 million ........ I promise I wont baulk over a 30 million fine !

thats not "shot in the fannie mae" thats "rape in the fannie mae"

10-07-2008, 05:59 PM	#1 (permalink)
mimo2005 Manager, Emeritus Join Date: Oct 2004 Posts: 11,142 OS: xp	After An Exhausting Bailout, AIG Execs Needed A Break! After Bailout, AIG Execs Head to California Resort 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. "Less than one week after the taxpayers rescued AIG, company executives could be found wining and dining at one of the most exclusive resorts in the nation," said Waxman as he prepared to question AIG executives. AIG's Execs Pamper Themselves After Bailout ABC News: After Bailout, AIG Execs Head to California Resort __________________ TSF has outgrown its server, again. Please help "Gutta cavat lapidem, non vi sed saepe cadendo"

10-07-2008, 06:22 PM	#2 (permalink)
simpswr Moderator Hardware Team Join Date: May 2007 Location: Houston, Texas Posts: 12,253 OS: XP, Vista, Win 7	Re: After An Exhausting Bailout, AIG Execs Needed A Break! Like Waxman and his cronies never pampered himslef using the taxpayers money . . . These halfwits who try to go up againes buinsess leaders and embarrass themselves should at least hire good staff to keep them from doing that . . What did any of that exchange do to help their understanding of the underlying problems . . . __________________ Rich MemTest86 \| BenchTest \| Virus/Trojan/Spyware Help How to post a Screen Shot \| PC running slow?

10-09-2008, 07:17 AM	#4 (permalink)
mimo2005 Manager, Emeritus Join Date: Oct 2004 Posts: 11,142 OS: xp	Re: After An Exhausting Bailout, AIG Execs Needed A Break! AIG Gets Additional $37.8 Billion Fed Loan http://www.forbes.com/feeds/ap/2008/...ap5529934.html __________________ TSF has outgrown its server, again. Please help "Gutta cavat lapidem, non vi sed saepe cadendo"

10-09-2008, 07:45 AM	#5 (permalink)
simpswr Moderator Hardware Team Join Date: May 2007 Location: Houston, Texas Posts: 12,253 OS: XP, Vista, Win 7	Re: After An Exhausting Bailout, AIG Execs Needed A Break! The thing that bothers me more than AIG spending, is that Congress holds "Hearings" . . allegedly to understand what happened ( Enron for example ) . . Then turn it into a "Gotcha" contest with soundbites they can play back home to show how tough they were with "Those Guys" . . and do not learn one damn thing. Did one single good thing come from the Enron hearings? . . from the AIG hearings? Sadly, not one thing! __________________ Rich MemTest86 \| BenchTest \| Virus/Trojan/Spyware Help How to post a Screen Shot \| PC running slow?

10-09-2008, 12:47 PM	#7 (permalink)
linderman Moderator, Hardware Team Join Date: May 2005 Posts: 20,437 OS: win 2000 pro / Win XP pro My System	Re: After An Exhausting Bailout, AIG Execs Needed A Break! this is a mjor slap in the face for all the people who will be paying for the bailout for decades!! let the rats drown ........... __________________ I still know nothing and I respect that fact, striving to improve and, along the way, help anyone that comes from the place that I used to be! Power Supply Selection LEARN TO BACK-UP YOUR DATA FREE & EASY YouTube - Runtime Software DriveImage XML tutorial

10-09-2008, 01:00 PM	#8 (permalink)
simpswr Moderator Hardware Team Join Date: May 2007 Location: Houston, Texas Posts: 12,253 OS: XP, Vista, Win 7	Re: After An Exhausting Bailout, AIG Execs Needed A Break! The AIG thing was a loan wasn't it? . . came before the bailout package. The stockholders are the ones who should be holding management accountable __________________ Rich MemTest86 \| BenchTest \| Virus/Trojan/Spyware Help How to post a Screen Shot \| PC running slow?

10-09-2008, 01:48 PM	#9 (permalink)
linderman Moderator, Hardware Team Join Date: May 2005 Posts: 20,437 OS: win 2000 pro / Win XP pro My System	Re: After An Exhausting Bailout, AIG Execs Needed A Break! just watch and see; in the end ...... who will come up short $$$$$$$$$$$$ __________________ I still know nothing and I respect that fact, striving to improve and, along the way, help anyone that comes from the place that I used to be! Power Supply Selection LEARN TO BACK-UP YOUR DATA FREE & EASY YouTube - Runtime Software DriveImage XML tutorial

10-09-2008, 02:11 PM	#10 (permalink)
simpswr Moderator Hardware Team Join Date: May 2007 Location: Houston, Texas Posts: 12,253 OS: XP, Vista, Win 7	Re: After An Exhausting Bailout, AIG Execs Needed A Break! I hear ya . . __________________ Rich MemTest86 \| BenchTest \| Virus/Trojan/Spyware Help How to post a Screen Shot \| PC running slow?

10-09-2008, 02:46 PM	#11 (permalink)
linderman Moderator, Hardware Team Join Date: May 2005 Posts: 20,437 OS: win 2000 pro / Win XP pro My System	Re: After An Exhausting Bailout, AIG Execs Needed A Break! Just like when Frank Raines milked Fannie Mae ....... he walked away with 140 million ....... gets fined 30 some million as a settlement ........ no jail ..... no media coverage if you let me "steal" 140 million ........ I promise I wont baulk over a 30 million fine ! thats not "shot in the fannie mae" thats "rape in the fannie mae" __________________ I still know nothing and I respect that fact, striving to improve and, along the way, help anyone that comes from the place that I used to be! Power Supply Selection LEARN TO BACK-UP YOUR DATA FREE & EASY YouTube - Runtime Software DriveImage XML tutorial Last edited by linderman; 10-09-2008 at 02:48 PM.