they should go to jail. debters prison.

__________________
"It's normal for these things to empty your wallet and break your heart in the process."
2012 SLK 350
1987 420 SEL

You can put lipstick on an AIG exec and give him a $400K party but he's still just a pig.

I wouldn't insult a pig like that they are very intelligent beings.

__________________
"It's normal for these things to empty your wallet and break your heart in the process."
2012 SLK 350
1987 420 SEL

By last call all AIG execs look good . . .

__________________
" We have nothing to fear but the main stream media itself . . . ."- Adapted from Franklin D Roosevelt for the 21st century

OBK #55

1998 Lincoln Continental - Sold
Max 1984 300TD 285,000 miles - Sold
The Dee8gonator 1987 560SEC 196,000 miles - Sold
Orgasmatron - 2006 CLS500 90,000 miles
2002 C320 Wagon 122,000 miles
2016 AMG GTS 12,000 miles

If they are hogs, all AIG execs TASTE good too!

__________________
2009 ML350 (106K) - Family vehicle
2001 CLK430 Cabriolet (80K) - Wife's car
2005 BMW 645CI (138K) - My daily driver
2016 Mustang (32K) - Daughter's car

It turns out it was all a huge misunderstanding: It was really a BUSINESS conference! Of course!

B

------

AIG says lavish event was mischaracterized
Wed Oct 8, 2008 4:40pm EDT

NEW YORK (Reuters) - American International Group Inc (AIG.N: Quote, Profile, Research, Stock Buzz), a day after being criticized for a lavish event held just days after the insurer got an $85 billion government rescue loan, shot back on Wednesday saying the event was for independent life insurance agents, not its employees.

AIG drew fire at a congressional hearing on Tuesday for spending $200,000 on hotel rooms and $23,000 on spa services at an event lawmakers characterized as an executive retreat.

As lawmakers grilled former top executives, Rep. Elijah Cummings, a Maryland Democrat, said: "They were getting facials, manicures and massages, while the American people were footing the bill."

On Wednesday, AIG said the "business event," hosted by one of its subsidiaries, was for independent life insurance agents. It said the event was planned "months before" it received the loan last month, and no AIG executives from headquarters attended.

AIG's effort to correct the record on the event came after White House spokeswoman Dana Perino had added on Wednesday to criticism of the event.

"I understand why the American people would be outraged," she said at a White House briefing.

President George W. Bush did not intend to benefit industry titans when he approved the bailout of AIG and a wider $700 billion Wall Street rescue package, she said.

"Rewarding failure is something we have a very hard time swallowing," Perino added.

AIG said current Chief Executive Edward Liddy had written a letter to Treasury Secretary Henry Paulson to clarify the circumstances of the business event.

The company said Liddy assured Paulson that AIG now faces very different challenges, saying: "(W)e owe our employees and the American public new standards and approaches," and that the company is "re-evaluating the costs of all aspects of our operations..."

AIG said 10 employees from its subsidiary, AIG American General, attended the 100-guest event.

(Reporting by Jonathan Spicer, with additional reporting by Andy Sullivan in Washington; Editing by Tim Dobbyn)

Sullivan, who ran the firm from 2005 until June of this year, also testified that the company’s bonus plan was amended to exclude unrealized losses, in effect protecting executives from millions of dollars in reversals. When lawmakers criticized Sullivan for urging AIG's directors to waive pay guidelines to win a $5.0 million bonus for 2007 — even as the company lost $5.0 billion in the fourth quarter of that year -- Sullivan countered that he was mainly concerned with helping other senior executives.

well shoot, that makes it okay then.

Somebody git rope.

B

It is a misunderstanding...on how non-mutual insurance companies work: If AIG is no longer has IIA to peddle their wares, and they go to another product who coddles them more, the .gov will never get paid back.

Excellent reason for .gov to regulate, not own businesses.

Interesting slide show:
http://articles.moneycentral.msn.com/Investing/CompanyFocus/as-banks-broke-down-ceos-cashed-in-slide-show.aspx?GT1=33002

__________________
1980 300D - Veggie Burner !

Did he actually say this with a straight face? Impressive.

Might be the reason he gets the big bucks. Ever consider that?