Here we go again...AIG spends $86,000 on a hunting trip to England.
By cbreeze
@cbreeze (1205)
United States
October 16, 2008 3:06pm CST
After receiving a second tax payer funded loan from the Fed of $37.8 Billion, AIG spent $86,000 on a hunting trip to England. They say the trip was planned well in advance of the bailout and they regret not cancelling. Are you serious????
I'm willing to bet that this behavior isn't going to change. They are laughing in our faces. What are your feelings regarding this?
5 responses
@ZephyrSun (7381)
• United States
16 Oct 08
Here's one
http://money.aol.com/news/articles/_a/bbdp/aig-spent-thousands-on-hunting-trip/213351?icid=100214839x1210941017x1200679687
@jmcafam (2890)
• United States
12 Nov 08
These people are just getting away with too much. I can not believe that the government is still bailing these guys out after all the parties/retreats they have been having after getting bailout money. Many Americans are struggling just to feed and house their families while these guys are blowing away our tax dollars. It is just not right that those who do the right thing by paying or trying to workout payments for our bills are getting the raw end of the deal.
@cbreeze (1205)
• United States
12 Nov 08
The sad part is that for those financial institutions who have already received funds, instead of making that money available to consumers for loans, they are hoarding the money and putting large sums aside to pay out bonuses and lavish gifts and parties. That's why they are now looking at a different approach with what is left of the bailout money. Yet, they are reluctant to make a bailout program for homeowners and the US car industry. What happens if those working in that industry lose their jobs? I don't understand. I'm not in that industry and neither is anyone in my family. But I know what an impact it will have on my community and the nation at large if we no longer manufacture automobiles in this country.
@Taskr36 (13963)
• United States
16 Oct 08
Quite frankly, that money should have had strings attached and rules in place. These jerks should be in jail right now. I'll bet the puds from Enron who went to jail are wishing they'd been able to hold out a little longer so they could have gotten this sweet deal. I guess some companies are just better at picking their moments.
@morethanamolehill (1586)
• United States
20 Oct 08
This is what happens when the Government gives away money. Look at Hurricane Katrina. FEMA handed out $2000 debit cards and people used them to buy bigscreen TV's. I worked for an Optical company (making eyeglasses),I had a guy come in wearing a Lucien Picard watch and driving a Mercedes, And he paid for his glasses with Medicaid.
This should be no surprise.
@ZephyrSun (7381)
• United States
16 Oct 08
Well according to the article I read they are going to make sure that none of this happens again. Yeah right! It's such crap that this is happened with taxpayers money going to them. It's sorta like when you drive by the housing projects and there's expensive cars in the parking lots. They should be brought up on welfare fraud LOL.
