Friday, October 03, 2008

AIG subsidiary parties in style in OC, two weeks after bailout

The Orange County Register reports:
Financial crisis? What financial crisis?

Less than two weeks after Uncle Sam gave American International Group (AIG) an $85 billion loan - staving off financial collapse - execs from one of its insurance subsidiaries, AIG American General, gathered for a conference at the uber-swank St. Regis Monarch Beach Resort, billed as “California’s only Mobil Travel Guide Five-Star Resort,” where ocean-view rooms start at $565 a night and “world class luxury” is the rule.
Some people really win by looting the taxpayers.It's time to separate business from state.