After AIG Awarded An $85 BILLION Dollar Bailout... They Go On Vacation And Spend $440,000!!!!!!!

by **J The Kidd** Thu Oct 09, 2008 12:22 am

Days after federal officials agreed to an $85 billion bailout of
AIG, the insurance firm spent more than $440,000 for a corporate
retreat at a swanky California resort. An invoice from the week-long
getaway, a copy of which you'll find below, was obtained by the
congressional panel that has been holding hearings this week about Wall
Street collapses and executive excess. The late-September AIG gathering
at the St. Regis Resort in Monarch Beach cost $443,343, according to
the invoice. The six-figure sum covered hotel rooms, banquets, golf
fees, and spa services at the resort south of Los Angeles. However,
company funds apparently were not spent on exploding cakes or urinating
ice statues.

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