It's been very stressful on bankers and CEOs recently; they're losing jobs, committing suicide and having to go before Congress and defend why they are continuing to make millions even as they claim they are about to go under and their companies are losing millions.
They are having to survive on as little as 10 million, imagine the hardship they must be under, having to sell that beach house, having to eat at restaurants that don't require a coat and tie, and having to socialize with middle-managers. With all this on your minds, why don't you head to a spa and spend a few days relaxing, maybe play some golf, you deserve it.
That's exactly what happened days after federal officials agreed to an $85 billion bailout of American International Group. The insurance firm spent more than $440,000 for a corporate retreat at a swanky California resort. 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.
After looking at the invoice, I hope they feel alot better, it's a small price for us lowly taxpayers to pay to make sure the fine folks at AIG are rested and ready to face the world.
View the invoice here:
2 comments:
I'm so sick of people like this and common folk are struggling... here is my bail-out plan.
1. Slash current rates on everyone who has a mortgage that is fixed with at least 1/2 point.
2. Take the adj rates and place them in a fixed product that is 1 point HIGHER than the current rates.
3. Increase all CD, 401K, and money market accounts of individuals making less than 250K per year to rec'd dividends of 5% on their money.
4. Slash interest rates on ALL credit cards of people that have paid for the last two years straight to the current LIBOR rate plus 4% to prime.
Tell me that these measures would not stimulate the econy?? Quit giving the funds to people that have already proven that they cannot manage them. If that was a common tax payer, they would have had the law at their door.
Of course they would BUT. . . there is no way in hell our fearless leaders would do this because a decision that helps consumers would hurt their big donors, so we are SOL.
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