Friday, October 10, 2008

THINGS THAT MAKE YOU GO…

HMMM…

Those of us that live in fairly close proximity of the Capital of the Free World often wonder what folks are thinking “outside the beltway.” Not thirty miles outside the beltway where we hang our hats, but way the hell outside the beltway…like the Midwest for example.

You probably have already heard this story, but if you haven’t, fasten your seatbelt…

This from The Columbus (Ohio) Dispatch:

BAILOUT IN HAND, AIG GOES OFF TO THE SPA
By Andrew Taylor (AP)

Less than a week after the federal government had to bail out American International Group Inc., the company sent executives on a $440,000 retreat to a posh California resort, lawmakers investigating the company's meltdown said yesterday.

The tab included $23,380 worth of spa treatments for AIG employees at the coastal St. Regis resort south of Los Angeles even as the company tapped into an $85 billion government loan it needed to stave off bankruptcy.

The retreat didn't include anyone from the financial-products division that nearly drove AIG under, but lawmakers were still enraged over thousands of dollars spent on catered banquets, golf outings and visits to the resort's spa and salon for executives of AIG's main U.S. life-insurance subsidiary…

Read the rest of the story (if your stomach can take it): http://www.dispatch.com/live/content/national_world/stories/2008/10/08/ap_melt_AIG_9_1008.ART_ART_10-08-08_A1_HCBHU5D.html?type=rss&cat=&sid=101

(Members of Code Pink protest as former AIG CEO Martin Sullivan (R) leaves after he testified at a hearing before the House Oversight and Government Reform Committee on Capitol Hill October 7, 2008 in Washington, DC.)

(Photos by Paul Ellis/AFP/Getty Images/Getty Images)

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