I have an opinion and I know how to use it!
More proof that AIG should have been allowed to fail!
http://wonkette.com/404602/aig-using-taxpayers-150-billion-to-annoy-comedy-blog
AIG execs once again appear to be flipping America off as they take our money. Now, to the tune of $343,000, the top execs went to a secret meeting at a luxury resort in Phoenix last week while at the same time begging for another $40 billion in loans. The hotel staff was forbidden to use or say anything that would identify AIG as being there – no logos, no signs, and according to one report, couldn’t even say the name AIG. So, apparently, they were hiding out because they knew they were doing something that the American taxpayers would not approve of.
I, for one, am tired of them taking my hard-earned money and then telling me that they will do what they damn well please with it. Company officials say that they will recoup much of the cost from product sponsors, so they apparently have a solid revenue stream. If they can afford to waste $343,000 on a conference, they can afford to pick themselves up out of debt without any help from the taxpayers. Wanton spending is one way they got themselves into this mess, they need to do what other Americans are doing and cutting back on everything.
The execs say that things like this are necessary for their business, maybe so. But in hard economic times, we have to change some things around. A meeting can be held anywhere there is a room large enough, and I’m thinking there are plenty of conference rooms at AIG’s headquarters. And, they should require that all the attendees actually attend the meeting, not work out at the spa while others attend meetings, as Art Tambaro, president of AIG’s Royal Alliance Associates allegedly did.
There are plenty of Americans who have over-extended themselves that would love a bailout of their own. I wouldn’t mind an extra $100k to pay off all of my debt. American families are having to do without new cars, new clothes, vacations, electronics, etc. We are having to cut our budgets, change our lifestyles, and do without. We are watching our retirement accounts driven into the ground. We should ask no less of the companies coming to us with their hands out, begging.
It is time for the feds to cut AIG off – now. No more bailout for AIG, or any other entity who is behaving as irresponsibly. Cut them off and demand immediate restitution. Cut them off and demand the resignation of their CEO and other top managers, without golden parachutes and bonus packages. Bailing out this company is offensive to me and to Americans. They are spitting in the faces of those they are begging from.
Cut them off, break them up, and sell them off.
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