http://TimothySykesExposed.com/bailout
Are You Tired Of Corporate Scandal?
Where Is Your
October 7, 2008
Insurance Hearings
Lynn Turner (ex SEC chief accountant)
Eric Dinallo – NY Regulator
Cummings (D-MD)
10/7 AIG Executives Scandal $500K Spa Resort Vacation Party after Bailout!
WASHINGTON (AP) — 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.
AIG sent its executives to the coastal St. Regis resort south of Los Angeles even as the company tapped into an $85 billion loan from the government it needed to stave off bankruptcy. The resort tab included $23,380 worth of spa treatments for AIG employees, according to invoices the resort turned over to the House Oversight and Government Reform Committee.
The retreat didn’t include anyone from the financial products division that nearly drove AIG under, but lawmakers still were enraged over thousands of dollars spent on outing for executives of AIG’s main U.S. life insurance subsidiary.
“Average Americans are suffering economically. They’re losing their jobs, their homes and their health insurance,” the committee’s chairman, Rep. Henry Waxman, D-Calif., scolded the company during a lengthy opening statement at a hearing Tuesday. “Yet less than one week after the taxpayers rescued AIG, company executives could be found wining and dining at one of the most exclusive resorts in the nation.”
Former AIG CEO Robert Willumstad, who lost his job a day after the Federal Reserve put up the $85 billion on Sept. 16, said he was not familiar with the conference and would not have gone along with it.
“It seems very inappropriate,” Willumstad said in response to questioning from Rep. Elijah Cummings, D-Md.
“Those executives should be fired,” Democratic presidential candidate Sen. Barack Obama said at a debate with Sen. John McCain on …
Duration : 0:5:56
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I was taught …
I was taught laissez-faire in grade school. They don’t still teach this do they?
AIG is a massive …
AIG is a massive international corporation that intially specialized in insurance; an octupus that had its tentacles all over the American economy. I t has been estimated that one third of the American work force would have been adversely impacted by its collapse [ its failure to make good on its contractual promises to businesses and individuals].
The lesson; never allow businesses to become ‘too big to fail’. They were gambling with money they didn’t have. Bring on tight regulations.
Government: hey …
Government: hey lets bailout AIG there big Corp they need help
AIG: free money w00t lets go party!
The american …
The american government is like the bank, who keeps your money in a cardboard box, placed in the lobby, with “please steal” written on it.
When someone steals it, they point their fingers at the thief, thereby clouding the fact that they’re dumb
hahaha, he’s …
hahaha, he’s wondering if they’ll go “phhew… we got through that one”
NO THEY WONT, HONORABLE DUMBASS THEY’LL BE DOING RACIST PARODIES OF YOU BEING RAPED!!!!!!
T.H.E.Y. A.R.E. N.E.V.E.R. S.O.R.R.Y.
Fire everyone in …
Fire everyone in the government and hire AIG guys!!!
At least they’ll know, when someone has their up there, and f**k them right back!
One thing is for sure, these guys are NOT sorry, and never will be. They went through a little thing called rape school, where you learn the fine arts of both national and international rape. AND PUTTING THEM IN FRONT OF AN ELEVATED STAND, PLAYING DADDY, WILL JUST MAKE THEM LAUGH
Please f**k us up …
Please f**k us up the *ss, come on f**k us. We’re begging for it and our *sses are showing…
PLEASE WON’T YOU PUSH US UP THE *SS, here’s some money, and here’s some more, spend them, we’ll turn our backs, and hope for some nice cock. Please, please PLEASE!!!!
DID YOU FEEL THAT…HE F***ED US UP THE *SS!!!
no, i didn’t feel that, but wait a minute HE DID? HANG HIM, SLICE HIM UP, suggest wierd Japanese rituals, SHOUT ON THE STREETS
I LOVE THIS SHOW
*ssholes or not, I …
*ssholes or not, I salute the AIG, for making it public knowledge, just how stupid the government is. And for those who believe in fair trade, a word that counts and so on… THEY DON’T EXIST, when dealing with big companies
So don’t be as stupid as your leaders!!!
THE AMERICAN …
THE AMERICAN GOVERNMENT ARE TOO MORONIC TO ADMINISTER ANYTHING, WHICH IS WHY THEY GOT PUSHED UP THE A**, LIKE EVERY OTHER INDIVIDUAL, DEALING WITH BIG COMPANIES…the difference is, that when you don’t have a nice government job, YOU ARE FORCED TO LEARN
Executives should …
Executives should commit harakiri, SHOULD THEY??
EVERY POLITICIAN, WHO KNEW HOW THIS WORKED SHOULD F***ING KILL THEMSELVES TO!
F*CK THE F*CKERS, BUT VIOLENTLY F*CK THE F*CKERS, SUPPORTING THEM
sorry…
LESSON 1
…
sorry…
LESSON 1
WHEN A COMPANY F***S UP EVERYTHING FOR THEMSELVES, YOU DON’T REWARD THEM…YOU ADMINISTER THEIR FUNDS!!!!!!!!!
LESSON 2
IT’S THE …
LESSON 2
IT’S THE GOVERNMENTS JOB TO MAKE SURE TAXPAYERS DON’T GET PUSHED UP THE A**
LESSON 3
IT’S THE GOVERNMENTS JOB, NOT TO BE MORONS
Well I for one feel better about being f***ed by that phone company last month, knowing that the US government (1000′s working together) are SO MUCH DUMBER ( and I was very stoned )
Sons of Bitches!!! …
Sons of Bitches!!! I’m not even an American citizen and this me off!!!
NOT free money? …
NOT free money? seems free …who told you otherwise? C span….Fox?give me a break. marinesrock you tripped over your own words again…you said “Bonuses are given for performance” So AIG executives were performing well when they went begging for money and bankruptcy was looming over their heads?They ran the company to the ground, so if you think they deserved a reward maybe you need to grow a brain. The very executives who made bad decisions are now STEALING taxpayer money. you are brainwashed
I am a veteran, and …
I am a veteran, and I get benefits for war time surgeries on both my knees. For someone with a masters your not too smart. What the are you talking about? Stay in subject, read again what I said. It is not free money it is a loan! There are millions of people in this country that make millions of dollars. Example? Executives, professional athletes, entrepreneurs, and so on. Bonuses are not given for doing nothing, they are given for performance.
Middle school? I …
Middle school? I have a masters. What do you know? By your name I assume your a brainwashed marine. You out of all people should know better. The government has been screwing vets and their families since vietnam. You must be talking about something else because AIG ececutives made off with over $150 million in bonus(taxpayer money) like rates making off with cheese.
Your an idiot. Free …
Your an idiot. Free bonus money? You probably don’t have a middle school education. AIG got a loan from the government they have to pay it back. Those bonuses where given out to more than 100,000 employees who earned them. All companies do that.
PWAR…”he …
PWAR…”he humiliated them?” ..Do you think the executives at AIG care what you are saying? they just got millions in FREE bonus money…you could spit in their face and they will pay someone to wipe it off with a cashmere hankerchief. To them you are just a lowly peasant that is only around to pay them. Right now they are on their yachts and headed to Bora Bora and you are headed to bed because you have to work like a tomorrow so they can steal more of your money. Its that simple.
cant believe it. …
cant believe it. those people never think of their country, no wonder our enconomy is so bad now.
This Corporate way …
This Corporate way of doing things , absurd pay , lies and excuses ,
pose etc is what they teach in schools
We have a crisis of education , these execs come from american or british universities
fuck you richest 1 …
you richest 1 percent! america is being by the richest 1 percent. 80 percent of the nations wealth is held by 1 percent of people. wtf! im bearing arms! you!!!
These executives …
These executives need their photos and information made public – kind of like a RAPIST. Which is what they are!
hang them from …
hang them from their balls,all of them,you did saddam!!
“Owners of capital …
“Owners of capital will stimulate working class to buy more and more of expensive goods, houses and technology, pushing them to take more and more expensive credits, until their debt becomes unbearable. The unpaid debt will lead to bankruptcy of banks which will have to be nationalized and State will have to take the road which will eventually lead to communism.”
Karl Marx, 1867
She’s a pretty cute …
She’s a pretty cute staffer…!