Survival in the modern world

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Posts Tagged ‘Irresponsible’

AIG Does Not Need Bailout

Posted by okmusa on November 11, 2008

AIG execs once again appear to be flipping America off as they take our money. Now, to the tune of $343,000, the top execs went to a secret meeting at a luxury resort in Phoenix last week while at the same time begging for another $40 billion in loans. The hotel staff was forbidden to use or say anything that would identify AIG as being there – no logos, no signs, and according to one report, couldn’t even say the name AIG. So, apparently, they were hiding out because they knew they were doing something that the American taxpayers would not approve of.

I, for one, am tired of them taking my hard-earned money and then telling me that they will do what they damn well please with it. Company officials say that they will recoup much of the cost from product sponsors, so they apparently have a solid revenue stream. If they can afford to waste $343,000 on a conference, they can afford to pick themselves up out of debt without any help from the taxpayers. Wanton spending is one way they got themselves into this mess, they need to do what other Americans are doing and cutting back on everything.

Read more at www.myrantsblog.com

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