Matt Molnar
2008-10-07, 05:42 PM
Consumerist:
After The Bailout AIG Bought Themselves A $440,000 "Retreat" At A California Resort (http://consumerist.com/5060290/after-the-bailout-aig-bought-themselves-a-440000-retreat-at-a-california-resort)
Now that AIG has been nationalized, some folks are wondering just how their tax dollars are being spent. If you're among them, we have some bad news for you from ABC. They are reporting that papers uncovered by congressional investigators show that "less than a week after the federal government committed $85 billion to bail out AIG, executives of the giant AIG insurance company headed for a week-long retreat at a luxury resort and spa, the St. Regis Resort in Monarch Beach, California." Ouch.
ABC says that the documents show that the company, yes the company, paid more than $400,000 for a week long retreat at the resort. The bill included $200,000 for rooms, $150,000 for meals and $23,000 in spa charges. [Full post (http://consumerist.com/5060290/after-the-bailout-aig-bought-themselves-a-440000-retreat-at-a-california-resort)]
After The Bailout AIG Bought Themselves A $440,000 "Retreat" At A California Resort (http://consumerist.com/5060290/after-the-bailout-aig-bought-themselves-a-440000-retreat-at-a-california-resort)
Now that AIG has been nationalized, some folks are wondering just how their tax dollars are being spent. If you're among them, we have some bad news for you from ABC. They are reporting that papers uncovered by congressional investigators show that "less than a week after the federal government committed $85 billion to bail out AIG, executives of the giant AIG insurance company headed for a week-long retreat at a luxury resort and spa, the St. Regis Resort in Monarch Beach, California." Ouch.
ABC says that the documents show that the company, yes the company, paid more than $400,000 for a week long retreat at the resort. The bill included $200,000 for rooms, $150,000 for meals and $23,000 in spa charges. [Full post (http://consumerist.com/5060290/after-the-bailout-aig-bought-themselves-a-440000-retreat-at-a-california-resort)]