Jo’s Cafe

Well let’s just spend tax dollars willy-nilly.  There is more where that came from right? {groan}

If you’d just gotten a government bailout, you might be tempted to hold a retreat at a nice California hotel — and that’s exactly what American International Group executives did.

The committee on Oversight and Government Reform held a hearing on Tuesday at 10:00 a.m. Eastern time. to address and examine downfall of AIG, the world’s largest insurance company. The committee planned to discuss the financial excesses and regulatory mistakes that led to AIG’s government bailout.

One of the items discussed was AIG’s expenditure of $440,000 for a corporate retreat at the St. Regis Monarch Beach resort in Los Angeles, Calif. These funds were spent on Sept. 22, a week after the Federal Reserve extended an $85 billion emergency loan to AIG to keep it from going bankrupt due to insurance liabilities.
Fox Business

Let me correct one sentence. Yes, one of AIG’s divisions is insurance, but not ALL of it.  But, that’s besides the point. 

Just great folks.  This is what socialism is all about. 

You suffer.

They play in your money.