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Thread: AIG bailout scandal...

  1. #1
    IA KING
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    Default AIG bailout scandal...

    So it is reported 1 week after AIG was bailout out by tax payers they spent approx $445,000 on a retreat for employees. Obama brought this up in the last debate and suggested gov ask for their money back and execs fired. What is your take?

    discuss.

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    Powered by 4G63 willum14pb's Avatar
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    445k on an employee retreat is well needed.. better than having to fire everyone. IMO. Im sure the employees were happy to know they were going to keep their jobs and get a short little vacation for a celebration.

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    IA's MIA'r Sammich's Avatar
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    x2

    if no one has a job, how will the economy bounce back?



    Quote Originally Posted by Sinfix_15 View Post
    You travel with so much luggage that it wont fit in a wagon? you dating a kardashian?

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    Boost+84mm=FUN! carbon_crash's Avatar
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    Funny you posted this topic today:

    Product of Federal bailout
    Ballin' on a Budget

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    IA's MIA'r Sammich's Avatar
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    Quote Originally Posted by carbon crash
    Full story:http://news.yahoo.com/s/ap/20081008...DeHQf2A5g5I2ocA


    WASHINGTON - Days after it got a federal bailout, American International Group Inc. spent $440,000 on a posh California retreat for its executives, complete with spa treatments, banquets and golf outings, according to lawmakers investigating the company's meltdown.


    So tax payers get to pick up the check for these execs to enjoy a vacation? Such BS! AIG should not be given any relief if this is how they spend some of the relief money. What a joke, they shouldn't need a "posh" vacation to make them feel better, hell, they should be glad they still are able to stay open.


    /rant

    i retract my previous statment



    Quote Originally Posted by Sinfix_15 View Post
    You travel with so much luggage that it wont fit in a wagon? you dating a kardashian?

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    Curiously Cynical DrivenMind's Avatar
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    Sounds like solid business practices to me...

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    Powered by 4G63 willum14pb's Avatar
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    Quote Originally Posted by Sammich

    i retract my previous statment
    x2 lol

    we should get a fucking refund.

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    Quote Originally Posted by willum14pb
    x2 lol

    we should get a fucking refund.
    they were talking about, on yahoo's news, about doing another stimulus payout

    $60B



    Quote Originally Posted by Sinfix_15 View Post
    You travel with so much luggage that it wont fit in a wagon? you dating a kardashian?

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    Powered by 4G63 willum14pb's Avatar
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    Quote Originally Posted by Sammich
    they were talking about, on yahoo's news, about doing another stimulus payout

    $60B
    is that a fucking joke? WHY!? the first one was an insult, the second one is like a kick in the face rather than a slap. That $600+ went to peoples matresses and they hoarded it like little jews. It didn't go back into our economy at all. Everyone said "OH SHIT, FREE GOV MONEY? IM KEEPIN THIS SHIT!!" lol anyways, fucking ridiculous with the stimulous bullshit.

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    IMO, the $700 billion should have been a stimulus payout. I understand the market needed a boost, and saving wallstreet important for the whole economy, but putting millions of dollars into each executive's pocket for another paycheck is complete bs.
    Ballin' on a Budget

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    Quote Originally Posted by Sammich
    they were talking about, on yahoo's news, about doing another stimulus payout

    $60B
    That's cool... We can just ask the Fed to just create more money out of thin air to keep the people quiet as the value of the dollar steadily drops.

    Did you know a silver quarter buys as much or more gas today than it did in 1932?

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    Quote Originally Posted by willum14pb
    is that a fucking joke? WHY!? the first one was an insult, the second one is like a kick in the face rather than a slap. That $600+ went to peoples matresses and they hoarded it like little jews. It didn't go back into our economy at all. Everyone said "OH SHIT, FREE GOV MONEY? IM KEEPIN THIS SHIT!!" lol anyways, fucking ridiculous with the stimulous bullshit.
    x2..it wasnt enough to do nothing with but to save..my wife and i took $400($200/ piece) and saved the rest

    IMO, the $700 billion should have been a stimulus payout
    agreed



    Quote Originally Posted by Sinfix_15 View Post
    You travel with so much luggage that it wont fit in a wagon? you dating a kardashian?

  13. #13
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    sorry i should of clarified... it was for select few not the entire company or large portion of it... basically the movers/shakers.

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    Quote Originally Posted by admin
    sorry i should of clarified... it was for select few not the entire company or large portion of it... basically the movers/shakers.
    The ones that went on this "retreat" were the same ones that seen all this coming a long time ago. None of the grunt workers attended this outting apparently. Such bs to know that our tax dollars is paying the extremely high salaries of these execs.
    Ballin' on a Budget

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    Curiously Cynical DrivenMind's Avatar
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    We should arm ourselves... and hunt them. For sport.

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    I heard about this last night. It pisses me off to no end.

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    Quote Originally Posted by DrivenMind
    We should arm ourselves... and hunt them. For sport.
    The gov't should set up a resort where you pay a $100k fee and then you get to hunt them. Kind of like that Ice-T movie "Surviving the Game". That way they'd get our money back. But Dick Cheney should not be involved. His record of safety on hunting trips is almost as bad as McCain's record of safety as a pilot.

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    Quote Originally Posted by Total_Blender
    The gov't should set up a resort where you pay a $100k fee and then you get to hunt them. Kind of like that Ice-T movie "Surviving the Game". That way they'd get our money back. But Dick Cheney should not be involved. His record of safety on hunting trips is almost as bad as McCain's record of safety as a pilot.
    or as bad as Pres Bush trying to ride a bike



    Quote Originally Posted by Sinfix_15 View Post
    You travel with so much luggage that it wont fit in a wagon? you dating a kardashian?

  19. #19
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    I heard more about this today. It wasnt the AIG that you are thinking of. It was a subsidary of AIG called American General. They took their movers and shakers to the retreat. Also, American General is profitable, unlike the mother company.

  20. #20
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    Quote Originally Posted by admin
    sorry i should of clarified... it was for select few not the entire company or large portion of it... basically the movers/shakers.
    it was the top executives.

    DO i think its absolutely wrong, YES

    But there is no evidence they used the 80 BILLION to go on a vacation with like its being reported.

    ALl of these guys were MILLIONAIRES already, i think they got the bailout money and said "whew dodged a bullet lets go celebrate"

    Obama is making it sound as if they spent the 500,000 FROM the 80 billion. I seriously hope they are not that stupid, and it doesnt look that way.

    Is it in bad taste, ABSOLUTELY, as your employees are getting fired and your business is crumbling you take off on a trip. Poor judgement IMO.

    You know, the more an more i read about this, the more and more im just going to write in Dennis Miller.

    I think ive completely lost faith in our political system. Obama is going to wreck this country if he gets in, Mccain i dont think will have the balls to go after the poeple he says he will.

    maybe we need to have a huge crisis like this to weed all the losers out
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