I could hardly believe it when I heard earllier today that insurance giant AIG is asking for an additional $37.8 billion dollar "bailout" loan from the federal government. Didn't we just loan AIG a whopping $85 billion a few weeks ago? What happened to that money? As if this isn't bad enough, another story reported today suggests a possible answer. Less than one week after whining and crying to the government about needing this massive financial favor to avoid bankruptcy, the company spent almost half a million dollars to send some of its top executives for a weekend of luxury and pampering at one of Southern California's most expensive resorts (over $20,000 on spa treatments alone).
AIG contends that the reason for this pampering was because they did not want a mass exodus of top executives because this would have made the company's economic recovery even more difficult. Regardless, how horrible does this look to the taxpayers who are footing the bill, many of whom would love even one day of luxury and pampering at the St. Regis, even without getting to spend the night in a thousand dollar a night suite?
Can you say GREED? This is absolutely disgusting, so have the Pepto ready:
http://abcnews.go.com/Blotter/story?id=5973452&page=1
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