Another AIG Resort "Junket": Top Execs Caught on Tape

Discussion in 'Current Events' started by DavidS, Nov 10, 2008.

  1. DavidS
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    DavidS Anti-Tea Party Member

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    KNXV Discovers $343,000 Secret Gathering, AIG Signs and Logos Hidden

    Even as the company was pleading the federal government for another $40 billion dollars in loans, AIG sent top executives to a secret gathering at a luxury resort in Phoenix last week.

    Reporters for abc15.com (KNXV) caught the AIG executives on hidden cameras poolside and leaving the spa at the Pointe Hilton Squaw Peak Resort, despite apparent efforts by the company to disguise its involvement.



    "AIG made significant efforts to disguise the conference, making sure there were no AIG logos or signs anywhere on the property," KNXV reported.



    A hotel employee told KNXV reporter Josh Bernstein, "We can't even say the word [AIG]."



    A company spokesperson, Nick Ashooh, confirmed AIG instructed the hotel to make sure there were no AIG signs or mention of the company by staff.

    "We're trying to avoid confrontation, keep our profile low," said Ashooh. "Some of our employees have been harassed."


    Original story here.

    ABCNEWS story here.
     
  2. DiveCon
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    DiveCon gone

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    OMG

    you gotta be shitting me
    they just asked for and got another $65 BILLION
    so the total now is $150 BILLION
    which takes the "bailout" over $1 TRILLION now


    and some laughed at me when i said this would end up costing us "TRILLIONS"
    they half way there already, and they havent done anything for the auto companies yet
    and after that, who's next?
     
    Last edited: Nov 10, 2008
  3. DavidS
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    DavidS Anti-Tea Party Member

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    I'm not opposed to a bailout for AIG with restrictions attached - but uh, this is just a blank check. This is just idiotic policy. I want the auto companies bailed out, but i don't want them to have a blank check. wtf is wrong with this administration??
     
  4. DiveCon
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    i have opposed these bailouts from the git go
    they are wrong
    if a business can not run on its own, then it deserves to go out of business
    someone else will step up and fill that void

    how far do we keep doing bailouts?
    we have financial companies, Insurance companies, auto companies
    whats hnext?
    i hear Circuit City is filing for bankrupcy, should they get a bailout too
    they employ a huge number of people
    how far do we go with it
    where is the financial responsibility?
     
  5. DavidS
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    DavidS Anti-Tea Party Member

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    We would have unemployment in the double digits right now if AIG hadn't been bailed out. We needed to do it. But we should've done it with strings attached AND we bail them out once, but after the first time if they still can't take care of their own business, an FDIC-like entity comes in, takes over the business and slashes everything until you get it profitable again. Then you sell it back to the shareholders, get a new CEO, board of directors and chairman and get this company up and running again.
     
  6. Againsheila
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    Againsheila Gold Member

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    Don't you love it? Corporations only want capitalism when it benefits them, when they mess up they expect socialism to bail them out what worse, the conservatives are all crying for the bailout (they don't want to lose their money), but when it comes to providing for our disabled or low income people...or even providing a decent minimum wage, no, that's socialism, we can't do that.

    Think about it...if they'd given that money to the homeowners in foreclosure so they could pay their mortgages, the banks still would have gotten their money and EVERYONE would have won.
     
    Last edited: Nov 10, 2008
  7. xsited1
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    xsited1 Agent P

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    Didn't Obama vote for that bail-out bill?
     
  8. Epsilon Delta
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    Epsilon Delta Jedi Master

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    The managers of these firms should have been fired with NO benefits and replaced before any bailout was even proposed.
     
  9. WillowTree
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    WillowTree Diamond Member

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    Why yes, I think he did.. most certainly.
     
  10. DiveCon
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    they're both socialism
     

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