This is Going Well

Truthout reported that AIG executives are using our money pledged by Congress to pamper themselves. Read excerpts here and check out the whole story at their site.

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, Congressional investigators revealed today.

"Rooms at this resort can cost over $1,000 a night," Congressman Henry Waxman (D-CA) said this morning as his committee continued its investigation of Wall Street and its CEOs.

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.

So while people are being evicted from their homes, losing jobs, and wondering how to pay their bills, these people are luxuriating in splendor. At these prices, no wonder they screwed up so badly. I don't know about you, but this isn't exactly the way I wanted the greedy bastards to handle these deplorable financial problems. In the ed biz, we call this rewarding negative behavior.