Truemors
For AIG executives, happy days are here again! Here is some of what taxpayers' bailout money bought.
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WashingtonPost.com
October 7, 2008
After Bailout, AIG Executives Head to Resort
Less than a week after the federal government offered an $85 billion bailout to insurance giant, AIG, the company held a week-long retreat for its executives at the luxury St. Regis Resort in Monarch Beach, Calif., running up a tab of $440,000, Rep. Henry Waxman (D-Calif.) said today at the the opening of a House committee hearing about the near-failure of the insurance giant.
Showing a photograph of the resort, Waxman said the executives spent $200,000 for rooms, $150,000 for meals and $23,000 for the spa.
"Less than a week after the taxpayers rescued AIG, company executives could be found wining and dining at one of the most exclusive resorts in the nation," Waxman said. "We will ask whether any of this makes sense. " See full article at this link:
http://voices.washingtonpost.com/livecoverage/2008/10/after_bailout_aig_executives_h.html?nav=rss_email/components
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When elected officials speak of reducing the country's financial burden, they usually discuss cutting social programs, such as entitlement programs that benefit distressed families, including children living in impovished circumstances, college students, and the working poor. However, it appears that the collective budgets for all such programs do not compete with the nation's revenue spent in repeated bailouts for Big Business.
Corporate welfare is generally excused from conversations about cuts in federal funding, because getting a free ride is apparently acceptable for the FAT CATS.
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FOR COMPARISON PURPOSES, HERE IS ANOTHER NEWS STORY
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Distraught man who could not find work killed 5 family members and himself
LOS ANGELES, California (CNN) -- A man distraught because he could not find work shot and killed his mother-in-law, his wife and three sons and then killed himself inside a home in an upscale San Fernando Valley neighborhood, police said.
Authorities said the man had an MBA in finance but appeared to have been unemployed for several months and had worked for major accounting firms, such as Price Waterhouse.
The two-story rented home is in a gated community in Porter Ranch, about 20 miles northwest of Los Angeles.
"The shootings were discovered after 8:20 a.m. Monday, after a neighbor called police to report that the wife had failed to pick her up to take her to her job at a pharmacy," Deputy Chief of Police Michel Moore said. (Full article at this link: http://www.cnn.com/2008/CRIME/10/06/california.murder.suicide/ )
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Mary Neal
Website: http://wrongfuldeathoflarryneal.com
Assistance to the Incarcerated Mentally Ill
Visit Online at: http://www.care2.com/c2c/group/AIMI
Then shall the righteous answer him, saying, Lord, when saw we thee an hungred, and fed thee? or thirsty, and gave thee drink?
When saw we thee a stranger, and took thee in? or naked, and clothed thee?
Or when saw we thee sick, or in prison, and came unto thee?
And the King shall answer and say unto them, Verily I say unto you, Inasmuch as ye have done it unto one of the least of these my brethren, ye have done it unto me. ~ Matthew 25:37-40
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