This little information came my way after the Federal Bailout was given to some Banking and Insurance Groups. In particular this concerns the American International Group Inc. otherwise know as AIG. For those you who don't know what they are and who they are, they are the main U.S. life insurance subsidiary. It was made know that if they were to go under that it would have a global effect on individuals as well as various major corperations. On September 16 the Federal Reserve put up $85 BILLION DOLLARS of OUR TAX DOLLARS to RESCUE AIG.
Days after it got a Federal Bailout, AIG 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, 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.
Now folkes let us one and all call up our creditors and tell them too I cannot pay you anything and I need to borrow more money and then I'm going on vacation with your gift. I'll bet you $85 BILLION that you would then have all of your homes, cars and bank accounts seized in the vary same breath. It just goes to show that if you are of the average american who is struggling and cannot get the banks and creditors to extend you , not quite $85 BILLION, but some type of repreive, you should then take your vacation anyway 'cause they will always bail out stupidity.