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After An Exhausting Bailout, AIG Execs Needed A Break!

Discussion in 'Political Discussion' started by weswelker#83, Oct 7, 2008.

  1. weswelker#83

    weswelker#83 In the Starting Line-Up

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    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
     
  2. Holy Diver

    Holy Diver Pro Bowl Player

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    #80 Jersey

    FINALLY.......I posted something that someone reposted!

    This makes me wanna hurt these people, and by 'HURT' I mean make poor.
     
  3. MrBigglesWorth

    MrBigglesWorth Veteran Starter w/Big Long Term Deal

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    this is why there will be a class war in our lifetime.
     
  4. weswelker#83

    weswelker#83 In the Starting Line-Up

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    Thank you for posting it , that shows you are a great guy in this forum.

    Thank you for all your efforts for showing what s going on.
     
  5. lostjumper

    lostjumper Third String But Playing on Special Teams

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    This is why the bailout didn't work and the markets continue to go down. Throwing money at the problem isn't the solution...especially when it is money laden with literally billions of dollars of pork. Economists pointed this out from the beginning...the issue is bad debts(i.e. loans that were given to people who could never pay them back) and foolish, greedy companies. Bail out AIG, and you are still left with the moron's that run the company.

    If you let those poorly positioned and managed companies fail, the strong companies, like Well's Fargo and others will move to the forefront, purchase the assets of the poorly managed companies and move on.
     
    Last edited: Oct 7, 2008
  6. MrBigglesWorth

    MrBigglesWorth Veteran Starter w/Big Long Term Deal

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    yes, but i think the government is deathly afraid of two things:

    1. credit default swaps(derivatives)

    2. and corporations using citizens 401k's as the sacracficial lamb to make the govt bail them out.
     

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