After bailout, AIG sent executives to the spa

You know I really have nothing to say about this. I am not into politics at all, however, I did think about this after reading what you wrote. 40 years ago they started the company, and well, maybe the company had a change of CEO as the old CEO retired, and the newer, possibly son or daughter, did not know how to handle the company.

Ok I have a little question for you. What was this trillion + dollar bail out supposed to do? They say they are worried credit is going to dry up where us little fishes down here on the bottom can't borrow money. They choose to put the money in to the economy at the top and hope it will trickle down to the people they say they are trying to help. I'll put it this way. If I intended to give you some money to try and help you out of a tough spot I would give it directly to you. I would not give it to someone else that will probably steel half of it before they give it to you. This tells me our government didn't have any plans to help the working man with this money. They are only concerned with helping the people that can help them stay in office. I think this move proves this beyond any doubt. The last thing we need is more credit. Most of us can't pay our bills now. I wouldn't take a loan if someone tried to give me one. There is no way I would be able to pay it back. What we the little people need is hard cash in our pockets to pay our bills and keep food on the table. Most of the working people no longer have enough credit left to ever get any of these bail out loans anyway. Unless they keep the credit requirements down where they were when they caused this problem the working man is out in the cold. If they do it will just add more fuel to the fire.

As far as I am concerned those involved should be sacked and prosecuted for failing in their duty of care. It was taxpayers money which actually is paying for this luxury which is not a necsssity to conduct the business. They could have conducted their business discussions at their business address and if for some reason that was not entirely suitable then hire a conference room - locally - for a nominal fee for a couple of hours. All over the world companies are being bailed out by governments using taxpayers money but for executives (or any employee) to be allowed to misuse that money is totally unacceptable. Currently one business owner here in Australia is under investigation for financial mismanagement. The federal government had to step in with funds to keep the business afloat for the next coouple of months while the receiver looks for a buyer. The receiver was appointed when the company went into liquidation last month when it could not pay the bills. There is a strong chance the owner will be prosecuted and that should apply regardless of which country the person is in if they waste taxpayers or shareholders funds. Hopefully your government will look at this situation when making a decision about future bailouts of all companies who request taxpayers funds.

This report makes me furious. AiG's downfall is having serious repercussions in USA economy and many people seem that can end up suffering and do not have a secure pension.

It just never ceases to amaze me how big companies work. This is just amazing that they could go ahead and have this retreat. Hello! They should be economizing and saving, not spending on luxuries.

I have one thing to say about this. The only way AIG, Fanny Mae and Freddy Mac could have gotten away what what they did some people in our government had to approve it and agree to keep it quiet. There had to be some kind of agreement between our government and these people. It is looking more and more like this crashed was planned. Just like 9/11 and a lot of other things the Government and the big money people that control the government are the ones that will gain from it. The way this real estate thing is playing out tells me the government and big money plan on ending up owning a huge chunk of the United States. We are going to wind up with a Socialist government under the thumb of a Dictator.

I seen that! What were they thinking? I think they will get in alot of trouble.

It doesn't surprise me...I'm surprised that they called it a "bailout" and not a "bonus" package. As for them getting things straightened out...I wouldn't hold my breath. [b]~~IN SEARCH OF PEACE WITHIN~~ **AGAINST THE STORMS, I WILL STAND STRONG** [/b]

Did Americans have to pay for that too? Anyway, I was thinking that there's no way the next President won't have to raise taxes on everyone, not just the rich. Otherwise how are we going to be able to afford the bailout?

I am sick of hearing how this government time and again bows to big business. These so called executives should be flogged not pampered. How about instead of bailing out big business the government divides up some of that bailout money between the hard working men and women of this country.