Liberty Just in Case

A Dialogue for the September 12th World

Archive for October 8th, 2008

Spa Lunkers

Posted by redsatellite on October 8, 2008

Yes. Evidently, American International Group (AIG) executives decided to go exploring- only their new cave was the St. Regis, south of Los Angeles, …and they did it- AFTER the government bailout.

Apparently, these bon vivants….these privileged sybarites…felt they deserved Spa treatments, banquets, and golf outings when their company was BROKE.

Days after it got a federal bailout, American International Group Inc. spent $440,000 on a posh California retreat for its executives, complete with spa treatments, banquets and golf outings, according to lawmakers investigating the company’s meltdown.

AIG sent its executives to the coastal St. Regis resort south of Los Angeles, California, even as the company tapped into an $85 billion loan from the government it needed to stave off bankruptcy.

The resort tab included $23,380 worth of spa treatments for AIG employees, according to invoices the resort turned over to the House Oversight and Government Reform Committee.

Say what?

Gee…that’s nice….AIG executives feasted…froliced….and had facials. Meanwhile, we the taxpayers…uh….we got slapped, shafted, and screwed.

UPDATE: Hey brother…can you spare another 37.8 billion?


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