It would appear that our leaders in Washington D.C. have decided that it will be necessary to transfer even more of our wealth upwards to AIG executives.
Last month, an $85 billion loan was extended to allow AIG to continue operations in order to prevent global financial chaos.
Immediately after receiving the bailout, these irresponsible, incompetent executives decided to use this money that was ripped out taxpayer hands to host a $400,000 retreat for it's top performers. The retreat included more than $200,000 in hotel rooms and over $20,000 in spa treatments. It seems pretty incredible that these executives have no qualms using taxpayer money to take care of their people after this massive redistribution of American wealth.
Luckily, our congressman learned a valuable lesson. They learned that these companies will not be good stewards of our tax dollars. This will prevent them from making the same mistake of putting tax payers on the hook for any more money to companies such as AIG.
At least, that was what I thought.
My only guess is that congress is intentionally trying to get run out of town. What other reason can their possibly be to actively help with this continued raping of the American tax payers that these large companies are engaging in?
The only bright spot that I can see is that we have prevented global financial chaos. If they hadn't taken away our money and given it to these soulless executive thieves, things could be really bad. Could you imagine how things would look if the Dow fell below 9000? Oh wait, never mind...maybe there is no upside to this thievery that congress is engaging in.
Last month, an $85 billion loan was extended to allow AIG to continue operations in order to prevent global financial chaos.
Immediately after receiving the bailout, these irresponsible, incompetent executives decided to use this money that was ripped out taxpayer hands to host a $400,000 retreat for it's top performers. The retreat included more than $200,000 in hotel rooms and over $20,000 in spa treatments. It seems pretty incredible that these executives have no qualms using taxpayer money to take care of their people after this massive redistribution of American wealth.
Luckily, our congressman learned a valuable lesson. They learned that these companies will not be good stewards of our tax dollars. This will prevent them from making the same mistake of putting tax payers on the hook for any more money to companies such as AIG.
At least, that was what I thought.
"The Federal Reserve on Wednesday agreed to provide insurance giant American International Group Inc. with a loan of up to $37.8 billion, on top of one made to the troubled company last month."
My only guess is that congress is intentionally trying to get run out of town. What other reason can their possibly be to actively help with this continued raping of the American tax payers that these large companies are engaging in?
The only bright spot that I can see is that we have prevented global financial chaos. If they hadn't taken away our money and given it to these soulless executive thieves, things could be really bad. Could you imagine how things would look if the Dow fell below 9000? Oh wait, never mind...maybe there is no upside to this thievery that congress is engaging in.
1 comment:
wow this is lot of money
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