Wednesday, October 8, 2008

What Did We Expect?

So American International Group, Inc. (AIG) spent nearly half a million dollars treating their execs to a luxurious resort and spa a few days after they received the government bailout. What else did we expect? This is what corporate execs do, live luxuriously, which is one thing when they are using the money "earned" from gouging consumers, but quite another when taxpayer money is used to save them from bankruptcy. We knew who they were before Henry Paulson, our treasury secretary (who, incidentally is a former exec of one of those financial institutions), gave them the money. We've been had. Surprise! Surprise!

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