After Bailout, AIG Execs Head to California ResortRescued by Taxpayers, $440,000 for Retreat Including "Pedicures, Manicures"
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.
"They're getting their pedicures and their manicures and the American people are paying for that," said Cong. Elijah Cummings (D-MD).
"This unbridled greed," said Cong. Mark Souder (R-IN), "it's an insensitivity to how people are spending our dollars."
Everything we (on the left) predicted is coming to pass. The Bailout is really a Failout and the unbridled asshole-ocity of the ruling financial classes are coming into view. What kind of hubris could allow someone to actually attend such an event? Where is the shame?
Farewell the neighing steed, and the shrill trump,
The spirit-stirring drum, th' ear-piercing fife;
The royal banner, and all quality,
Pride, pomp, and circumstance of glorious war!
And O you mortal engines, whose rude throats
Th' immortal Jove's dread clamors counterfeit,
Farewell! Othello's occupation's gone."