Well our wonderful government is spending billions of your dollars to bail out American International Group, (AIG) from it’s self induced financial crisis.
Back in October, when they received a $85,000,000,000 loan package from the government, they had just concluded a resort trip to St Regis Resort in Monarch Beach California. The cost of that trip was the better part of a 1/2 million dollars.
Now in November, another bailout for this company, bringing the total to nearly $150,000,000,000 they AGAIN are at a resort, for nearly a 1/2 million dollars
According to the Arizona Republic:
Days before American International Group received its latest government bailout on Monday, the troubled insurer hosted a $343,000 conference for independent financial planners at the Pointe Hilton Squaw Peak resort in Phoenix.
AIG claims that sponsors picked up the tab for all but $23,000 of the expenses.
And from another source, this:
“AIG made significant efforts to disguise the conference, making sure there were no AIG logos or signs anywhere on the property,” KNXV reported.
(click here to see the full KNXV report)
A hotel employee told KNXV reporter Josh Bernstein, “We can’t even say the word [AIG].”
They (AIG) know they are wrong and up to no good. This is criminal. To quote a line from one of my favorite movies, “Someone has to go to prison.”
