What do you do after a federal bailout? Looking at looming unemployment? Worried about your future?
Nahh, don’t worry. How about go spend $440,000 in a posh resort in california?
According to CNN, that is what AIG did..
..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, California, 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.
I guess the executives have a different rule than the middle class.