AIG, the company who WAS JUST BAILED OUT BY THE GOVERNMENT, decided to distress by going to the spa. However, their little day of relaxation is causing a big uproar. Read below to find out why.
For some people at AIG, the insurance giant rescued last month with an $85 billion federal bailout, the good times keep rolling.
And just last week, about 70 of the company's top performers were rewarded with a week-long stay at the luxury St. Regis Resort in Monarch Beach, Calif., where they ran up a tab of $440,000.At a House committee hearing yesterday,Rep. Henry A Waxman (D-Calif.) howed a photograph of the resort, which overlooks the Pacific Ocean, and reported expenses for AIG personnel including $200,000 for rooms, $150,000 for meals and $23,000 for the spa.
"Less than a week after the taxpayers rescued AIG, company executives could be found wining and dining at one of the most exclusive resorts in the nation," Waxman said in kicking off an angry hearing of the House Committee on Oversighy and Government Reform. "We will ask whether any of this make sense.
"They were getting their manicures, their pedicures, massage, their facials while the American people were paying their bills,' thundered Rep. Elijah E. Cummings (D-Md.). (source)
Isn't that something? American are paying tax dollars to help them out, while eating ramen noodles and having Tanesha up the block give them a kitchen hairdo and pedicure, but these fools get the star treatment!
They're trying to get off the hook by saying this was a a reward for life insurance agents. WTF? The reward should be still having a job! Let's not forget a few weeks ago they were about to be stampeding the unemployment office. This is an example of giving folks a inch and them taking a mile. The government bailout need to come with supervision. They need someone watching the allotted funds like R. Kelly watches little girls. NOTHING should be getting passed them.
1 Response to Biting The Hand That Fed You...
I agree Red.. they shouldn't be able to relax about ish when just a few days ago they had their appetite's set for Oodles of Noodles instead of lobster & steak.. All I want to know is where is MY bailout? Shooo I need about 50 grand and I'm skraight.. I don't even need a spa treatment when Lee & Ta Kim's nails is open at the swap meet!
[Add Your 2 Cents]