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The Patriot
10-08-2008, 07:03 PM
http://www.wspa.com/spa/social_networking/blogs/amy_wood/article/aig_celebrates_bailout_with_400_thousand_dollar_ba sh/9503/
By Amy Wood
Anchor
Published: October 7, 2008

This will make you fuming mad. It got me pretty hot, when a friend told me about it.

Remember the big bailout that the world’s largest insurance company, AIG got? They were apparently in a celebrating mood.

Fox Business News reports American International Group, during hearings Tuesday before Congress, disclosed they spent almost 450 thousand dollars for a corporate retreat in California. The money was spent a week AFTER the Federal Reserve handed over an 85 billion dollar bailout.

You can see the full hotel bill on the Fox Business site

For eight days, they celebrated, including almost 24 thousand in spa treatments! You can bet we’ll be hearing more about this!


This pisses me off so much. We bail them out of their mistake with 700 billion dollars of our hard-earned tax dollars and they spend 450 thousand dollars on a weekend bath and spa. These people should be shot. :mad:

TheWarDen86
10-08-2008, 07:06 PM
I stay in hotels all the time, and I must say that is the shadiest version of a bill I have ever seen. Obama mentioned this last night too, but I have yet to hear anything from any credible new source. Then again, I haven't put the news on in a day or so.

Possible BS?

UPDATE:

Nevermind, Tony posted a Reuters article:

NEW YORK (Reuters) - American International Group Inc could get nearly $38 billion in fresh cash under a program announced by the Federal Reserve on Wednesday, as the insurer tried to fend off criticism of a lavish event held days after getting an initial $85 billion government loan.

Under the new plan, the Federal Reserve Bank of New York will take up to $37.8 billion in investment-grade, fixed-income securities from AIG in exchange for cash.

The securities were previously lent by AIG's insurance company subsidiaries to third parties. The Fed said the new program will allow the company to replenish liquidity used in settling transactions with counterparties.

AIG had drawn fire in Washington on Tuesday for spending $200,000 on hotel rooms and $23,000 on spa services at an event, just days after it got the emergency loan from the government to avoid bankruptcy in the middle of the worst credit crisis since the Great Depression.
As lawmakers grilled former top executives at a hearing, 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.

http://forums.steelersfever.com/showpost.php?p=451878&postcount=104


:mad:

:banging:

steelwall
10-08-2008, 07:08 PM
If it's true they should pay the money back (with interest)

TheWarDen86
10-08-2008, 07:11 PM
If it's true they should pay the money back (with interest)

Not good enough. They should go to jail for misappropriation of government funding (or something to that nature) and either have the Gov't appoint the senior staff or just take them over.

The Patriot
10-08-2008, 07:14 PM
I don't care if its the democrats or republicans, somebody has to look into this.

steelwall
10-08-2008, 07:18 PM
Not good enough. They should go to jail for misappropriation of government funding (or something to that nature) and either have the Gov't appoint the senior staff or just take them over.


You're absolutely right.:drink:

Atlanta Dan
10-08-2008, 07:25 PM
And the good times at AIG on our nickels will continue to roll:banging:

Several AIG firms are going ahead with social and business events that had been scheduled before the bailout.

One of AIG's main securities subsidiaries, Atlanta-based FSC Corp., is holding its annual National Education and Business Conference at Atlanta's Marriott Marquis hotel next week. At least 400 stockbrokers and their families are expected to attend the three-day conference, with FSC expected to pick up the tab for airfare, rooms and bar and restaurant charges....

Later this month, an estimated 150 brokers and 50 AIG employees are planning to attend a get-together for the company's high-end insurance "private-client group" at the Ritz Carlton in Half Moon Bay, Calif.

http://voices.washingtonpost.com/washingtonpostinvestigations/2008/10/as_lawmakers_roundly_criticize.html

X-Terminator
10-08-2008, 07:35 PM
Does anyone still think bailing out these crooks was a good idea?

tony hipchest
10-08-2008, 07:39 PM
Not good enough. They should go to jail for misappropriation of government funding (or something to that nature) and either have the Gov't appoint the senior staff or just take them over.but they are the "victim". :rolleyes:

http://i.abcnews.com/Blotter/story?id=5973452&page=1

Robert Willumstad, the CEO from June to September, 2008, maintained AIG was a victim of a "crisis in confidence" and an "unprecedented global catastrophe." "Through the first week of September we were confident AIG could weather the crisis," Willumstad testified. He said the federal government offered its $85 million bail out on the afternoon it prepared for bankruptcy. Willumstad said the Federal Reserve demanded he resign, and will turn down his AIG retirement package of several million dollars.

"crisis in confidence"? is that like being a spoiled victim of ego and c)ckiness?

anyways, foxnews reported they have another retreat planned next week in norther califorina. good thing is, at this one, the rooms only cost $700-800 a night.

tony hipchest
10-08-2008, 07:44 PM
Does anyone still think bailing out these crooks was a good idea?i guess it depends if anyone still thinks free enterprise amongst the insurers, credit co's, and "money lenders" is.

i mean even the bible written 2000 years ago said these guys are wicked. :noidea:

steelwall
10-08-2008, 07:47 PM
but they are the "victim". :rolleyes:

good thing is, at this one, the rooms only cost $700-800 a night.

Oh.. only $700-800 per night...oh..well that changes everything, by all means stay there if is just a measly 800 bucks per night....geeeez:banging:

I've bought cars for less money. Put them in a freakin motel 6 and give the rest of the money to a school that needs new text books.... I can't believe some of this crap, it's sickening.

X-Terminator
10-08-2008, 07:48 PM
I've bought cars for less money. Put them in a freakin motel 6 and give the rest of the money to a school that needs new text books.... I can't believe some of this crap, it's sickening.

A-frickin-MEN.

TheWarDen86
10-08-2008, 07:50 PM
but they are the "victim". :rolleyes:

http://i.abcnews.com/Blotter/story?id=5973452&page=1



"crisis in confidence"? is that like being a spoiled victim of ego and c)ckiness?

anyways, foxnews reported they have another retreat planned next week in norther califorina. good thing is, at this one, the rooms only cost $700-800 a night.

Sounds like a problem that can be fixed by "Replacing incompetent Management."

Preacher
10-08-2008, 08:02 PM
There is a term for this.

Throwing good money after bad.

it is what happens when you try to bail out firms and companies that SHOULD GO BANKRUPT DUE TO INCOMPETENCE.

Neither individuals, NOR COMPANIES should be bailed out.

And before anyone starts whining about the lonely holder of 30 share of stock that got hosed...

You CHOSE to sign an agreement to give your votes to someone else... or did you attend the shareholders meeting yourself?

Every year I sign an agreement to proxy vote.

Now, I am thinking that maybe I should show up and vote my 120 share of PFG. While it will mean nothing this time... make a big enough stink enough times, and you get 20000 people showing up to vote their 100 share. Just think what the corp. leadership would do.

I am laughing just at the site of their eyes!!.

The Patriot
10-08-2008, 08:08 PM
I've bought cars for less money. Put them in a freakin motel 6 and give the rest of the money to a school that needs new text books.... I can't believe some of this crap, it's sickening.

If only it was a government priority.

TheWarDen86
10-08-2008, 08:12 PM
Oh.. only $700-800 per night...oh..well that changes everything, by all means stay there if is just a measly 800 bucks per night....geeeez:banging:

I've bought cars for less money. Put them in a freakin motel 6 and give the rest of the money to a school that needs new text books.... I can't believe some of this crap, it's sickening.

If only it was a government priority.

No shit right. I was complaining about schools that are cutting music programs, but Steelwall is right, there are schools right in West Virginia (amongst many other places) that can't afford books and desks for crying out loud. :mad:

The Patriot
10-08-2008, 08:14 PM
No shit right. I was complaining about schools that are cutting music programs, but Steelwall is right, there are schools right in West Virginia (amongst many other places) that can't afford books and desks for crying out loud. :mad:

You could fill a classroom with textbooks for the same amount of money these corporate leaders spend on their open bar.

tony hipchest
10-08-2008, 08:21 PM
i suggested ultra rich (AIG bastards such as these) should be taxed a while back to fund social institutions such as schools and was just about labeled a commie and a socialist. :noidea:

watch out. :couch:

Preacher
10-08-2008, 08:29 PM
i suggested ultra rich (AIG bastards such as these) should be taxed a while back to fund social institutions such as schools and was just about labeled a commie and a socialist. :noidea:

watch out. :couch:

As usual, you are short on the particulars.

This was govt. money that was handed out and abused... not money that some people want to snag for the govt. in the first place.

And before we start handing out all this money to the lovely school system, I want the corruption and greed in THAT system to be raked over the coals as well.

For instance, South Carolina, in march, 11,500 per child was on the table. However, 6400 of that was going to ADMINISTRATORS and bureaucracy. What a joke.

How in the WORLD can you not teach a classroom for 11,500 PER CHILD.... IN SOUTH CAROLINA?

The little school we had here, was teaching kids for less than a third of that money, and taking kids that were failing out of the public schools, and turning them into A and B students. Many of those kids went on to college and did very well for themselves.

What a joke....


(Link to the above numbers... recognize the source as biased for school choice, but I don't think it actually affects the numbers discussed... http://thevoiceforschoolchoice.wordpress.com/2008/03/25/house-promises-11400-per-child-5884-goes-to-bureaucrats/

tony hipchest
10-08-2008, 08:50 PM
As usual, you are short on the particulars.
wow. now im short on the particulars. before i am accused of being anti- capitalism or anti free markets (again) let me ask you about your takes on these particulars.

25 " If you lend money to any of My people who are poor among you, you shall not be like a moneylender to him; you shall not charge him interest.
26 "If you ever take your neighbor's garment as a pledge, you shall return it to him before the sun goes down.
27 "For that is his only covering, it is his garment for his skin. What will he sleep in? And it will be that when he cries to Me, I will hear, for I am gracious. (Exodus 22:25-27)


35 ' If one of your brethren becomes poor, and falls into poverty among you, then you shall help him, like a stranger or a sojourner, that he may live with you.
36 'Take no usury or interest from him; but fear your God, that your brother may live with you.
37 'You shall not lend him your money for usury, nor lend him your food at a profit. (Leviticus 25:35-37)

www.ireadthebible.com

dont they make the term "conservative Christian" a paradox and almost an oxymoron?

Preacher
10-08-2008, 10:18 PM
wow. now im short on the particulars. before i am accused of being anti- capitalism or anti free markets (again) let me ask you about your takes on these particulars.





www.ireadthebible.com (http://www.ireadthebible.com)

dont they make the term "conservative Christian" a paradox and almost an oxymoron?


Do you really want to get into a discussion of exegesis and continuity between the covenants?

I'm not sure what you mean by Conservative Christian.

Is it those who care about un-born children? Those who care about morality? Those who hold to reconstructionalism? Those who equate religion with politics? Or those that you would rather paint with a broad brush and denounce?

I am sure you are not calling George Soros, Robert Reisch, Warren Buffet and others "conservative Christians"

So just who are you trying to slander here?

X-Terminator
10-08-2008, 11:16 PM
i suggested ultra rich (AIG bastards such as these) should be taxed a while back to fund social institutions such as schools and was just about labeled a commie and a socialist. :noidea:

watch out. :couch:

My problem with that is what then happens to those who aren't ultra-rich bastards? Why should they suffer for the actions of a few? Let's punish the bastards like AIG, and give the rest of those who try to earn an honest buck a break.

tony hipchest
10-08-2008, 11:40 PM
My problem with that is what then happens to those who aren't ultra-rich bastards? Why should they suffer for the actions of a few? Let's punish the bastards like AIG, and give the rest of those who try to earn an honest buck a break.i hear ya (i heave read yours and dans recent convo) and i liken it to this (pardon me for the nfl analogy)-

we are like a large family who is overextended and carrying the typical financial burden of these days.

we have 5 kids. 2 are like andy reids sons in trouble with the law and dealing drugs. the other 3 are like bill cowhers daughters who are earning scholorships and participating in local sports.

we cant afford escalades and blackberries and gucci wardrobes for all 5 (let alone the 3 good ones who deserve the breaks).

do we try try to reward (give a break) to 2 of the 3 good ones? or cut it out for all 5 altogether in the name of solving the problem of being overextended which ultimately leads to stability of the family as a whole?

Preacher
10-08-2008, 11:54 PM
i hear ya (i heave read yours and dans recent convo) and i liken it to this (pardon me for the nfl analogy)-

we are like a large family who is overextended and carrying the typical financial burden of these days.

we have 5 kids. 2 are like andy reids sons in trouble with the law and dealing drugs. the other 3 are like bill cowhers daughters who are earning scholorships and participating in local sports.

we cant afford escalades and blackberries and gucci wardrobes for all 5 (let alone the 3 good ones who deserve the breaks).

do we try try to reward (give a break) to 2 of the 3 good ones? or cut it out for all 5 altogether in the name of solving the problem of being overextended which ultimately leads to stability of the family as a whole?

:rofl:

Tony...

of all the posts in all these threads, I am the MOST disappointed in this one.... I thought you could at least work in a "Bengals suck" SOMEPLACE!!

:chuckle:

tony hipchest
10-09-2008, 12:50 AM
Do you really want to get into a discussion of exegesis and continuity between the covenants?

I'm not sure what you mean by Conservative Christian.

Is it those who care about un-born children? Those who care about morality? Those who hold to reconstructionalism? Those who equate religion with politics? Or those that you would rather paint with a broad brush and denounce?

I am sure you are not calling George Soros, Robert Reisch, Warren Buffet and others "conservative Christians"

So just who are you trying to slander here?slander? as you are a professional in your area i simply asked you a few questions. :noidea:

and honestly, i dont even know if the clergy is considered a profession. i do know morticians and funeral home directors arent.

social labels aside (i consider you a professional on the matter) , i never realized there were 1000 degrees of conservative Christianism and i have no idea what exegisis even means. :noidea:

i understand paying 10% tithes.

i understand paying taxes.

i understand "giving unto ceasar what is ceasar's".

what i dont understand is how the 3 intermingle and how so many rich conservative Christians can be so against programs such as food stamps, public housing, health care, and "big govt spending" (despite "the news"), while being all for their AIG buddies vacationing on the taxpayers dollar and giving them tax relief.

thats all.

call it "slander" if you wish. i call it a legitimate question. :hunch:

its not like im trying to turn over the tables of the money lenders or anything. :wink02:

it was an honest question that perhaps i shoulda asked in private council cause i know your doors are always open on such matters.

:drink: > (spring water on both sides this time)

Preacher
10-09-2008, 01:19 AM
slander? as you are a professional in your area i simply asked you a few questions. :noidea:

and honestly, i dont even know if the clergy is considered a profession. i do know morticians and funeral home directors arent.

social labels aside (i consider you a professional on the matter) , i never realized there were 1000 degrees of conservative Christianism and i have no idea what exegisis even means. :noidea:

i understand paying 10% tithes.

i understand paying taxes.

i understand "giving unto ceasar what is ceasar's".

what i dont understand is how the 3 intermingle and how so many rich conservative Christians can be so against programs such as food stamps, public housing, health care, and "big govt spending" (despite "the news"), while being all for their AIG buddies vacationing on the taxpayers dollar and giving them tax relief.

thats all.

call it "slander" if you wish. i call it a legitimate question. :hunch:

its not like im trying to turn over the tables of the money lenders or anything. :wink02:

it was an honest question that perhaps i shoulda asked in private council cause i know your doors are always open on such matters.

:drink: > (spring water on both sides this time)

Tony...

It seems I read your thread with the wrong ton(y) of voice :chuckle:

If you are asking a legitimate question, and not being partisan, I would love to answer your question.

But before I do, let me as, was it your intent to really ask a question to understand, or are you being partisan here... because I DO NOT advocate bringing faith into partisanship.... you notice none of my posts cross that line.

revefsreleets
10-09-2008, 08:59 AM
The AIG execs (and anyone else who is using OUR tax dollars for "bailout parties" or even attending them) need to be taken out in the street and shot.

That'll end this bullshit toots sweet.

Godfather
10-09-2008, 09:12 AM
The AIG execs (and anyone else who is using OUR tax dollars for "bailout parties" or even attending them) need to be taken out in the street and shot.

That'll end this bullshit toots sweet.

I have a modest proposal...seize AIG and fire its management. Then drive through the projects or the trailer partks and pick random people to replace the executives. The professionals ran the company into the ground....random welfare recipients can't do any worse. We'd also be killing two birds with one stone instead of giving handouts to both individuals and companies. Best of all, I doubt Cletus or Tyrone can spend that kind of jack on a party if they tried. (Anyone remember when Pitt spent $100K on a reception for the new university president, and Brian O'Neill polled a bunch of students to see how much they would spend on a party if money was no object?)

Godfather
10-09-2008, 09:15 AM
what i dont understand is how the 3 intermingle and how so many rich conservative Christians can be so against programs such as food stamps, public housing, health care, and "big govt spending" (despite "the news"), while being all for their AIG buddies vacationing on the taxpayers dollar and giving them tax relief.


Well, I'm certainly not rich but in at least some cases the needs of the poor are better met by charitable organizations than by the government. Housing is the best example...look at Habitat for Humanity and other Christian organizations. I saw in Slate yesterday that there's an organization similar to Habitat that puts poor people in homes. Less than 1% of them defaulted on their mortgages compared to the Fannie/Freddie subprime mess. Look at Section 8 or any housing project to see how good a landlord the government is.

Preacher
10-09-2008, 02:48 PM
Tony...

I am still waiting for an answer... if you want, we can discuss this in PM as well.

It is a very good question, but as I said before, I want to make sure you are not being partisan with this question, but are truly asking it to understand.

Leftoverhard
10-09-2008, 03:29 PM
:rofl:

Tony...

of all the posts in all these threads, I am the MOST disappointed in this one.... I thought you could at least work in a "Bengals suck" SOMEPLACE!!

:chuckle:

Since Tony didn't do it, mind if I take a crack?

we the bengals suck cant the bengals suck afford the bengals suckescalades the bengals suck and blackberries the bengals suck and gucci wardrobes the bengals suck for all 5 the bengals suck (let alone the 3 the bengals suck good ones the bengals suck who deserve the bengals suck the breaks). the bengals suck

tony hipchest
10-09-2008, 03:32 PM
Tony...

I am still waiting for an answer... if you want, we can discuss this in PM as well.

It is a very good question, but as I said before, I want to make sure you are not being partisan with this question, but are truly asking it to understand.oh, :dang: yes definitely. and its an honest question with a few follow ups and definitely not partisan.

like i said i probably shoulda asked in PM in the first place so it doesnt look like im trying to call you out or something. definitely not the case. just to avoid it turning into a debate for all to participate in (which isnt what i want) please answer via pm. :drink:

Preacher
10-09-2008, 03:41 PM
Since Tony didn't do it, mind if I take a crack?

we the bengals suck cant the bengals suck afford the bengals suckescalades the bengals suck and blackberries the bengals suck and gucci wardrobes the bengals suck for all 5 the bengals suck (let alone the 3 the bengals suck good ones the bengals suck who deserve the bengals suck the breaks). the bengals suck


:hatsoff:

Preacher
10-09-2008, 03:42 PM
oh, :dang: yes definitely. and its an honest question with a few follow ups and definitely not partisan.

like i said i probably shoulda asked in PM in the first place so it doesnt look like im trying to call you out or something. definitely not the case. just to avoid it turning into a debate for all to participate in (which isnt what i want) please answer via pm. :drink:

gotcha... I have a few things to do, it may be tonight before I get to it, but yes, we will discuss this. Thank you for responding. I look forward to it. :drink:

tony hipchest
10-09-2008, 04:05 PM
Since Tony didn't do it, mind if I take a crack?

we the bengals suck cant the bengals suck afford the bengals suckescalades the bengals suck and blackberries the bengals suck and gucci wardrobes the bengals suck for all 5 the bengals suck (let alone the 3 the bengals suck good ones the bengals suck who deserve the bengals suck the breaks). the bengals suck
excellent work! you even worked in the black and orange stripes. :applaudit:

Godfather
10-09-2008, 08:39 PM
excellent work! you even worked in the black and orange stripes. :applaudit:

I thought the Bengals wore black and white stripes.

Hines0wnz
10-09-2008, 10:59 PM
And yet, most people will still overlook it to put more Dems in and re-elect the bums in Congress. The change we need will not come from Obama or McCain and we are too partisan to pull the trigger on those bums. :coffee:

Buddha Bus
12-12-2013, 03:34 AM
Digging up a 5-year old thread? Is this Angrychair?

Galax Steeler
12-12-2013, 04:00 AM
Something fishy going on here.

Bayz101
12-12-2013, 04:25 AM
Something fishy going on here.

yeah, i'd say so. the link back to a dating website gave it away. :chuckle:

Galax Steeler
12-12-2013, 04:35 AM
Hell yea!

Buddha Bus
12-12-2013, 07:47 AM
I figured it was a spammer, that's why I didn't click on the link.

Stupid spammers.