OBAMA on AIG spree: "Return the money and fire them"

[NYC_SKP]

Fuckin-ay!

Last week I was pricing rooms in Half Moon Bay for a group event.

The Ritz-Carlton was excessively expensive, about $550/night for the cheapest rooms.

Oct. 8 (Bloomberg) -- American International Group Inc., castigated by the White House, Congress and Barack Obama for hosting a $440,000 conference days after an $85 billion federal bailout, plans to hold another gathering for brokers next week...

...``AIG, a company that got a bailout, just a week after they got help, went on a $400,000 junket,'' Obama said. ``And I tell you what: the Treasury should demand that money back and those executives should be fired.''

http://www.bloomberg.com/apps/news?pid=20601087&sid=aVXfypExIZ9M

Fuckers

[skooooo]

1. Hope he repeats it on the campain trail..

..so it gets publicity. Good idea, Mr. President!

[NYC_SKP]

7. Me too, it's like solid gold... nt

[ihavenobias]

20. Me three, K&R n/t

[helderheid]

2. rec 4. My hubby was reading his daily Dutch news and read about this yesterday. The world is in

disgust.

[NYC_SKP]

6. It is a PERFECT example of so many problems with our government, and with

the corporations, and of the slimy relationships between the two.

It's enough to make me almost support the death penalty.

:patriot:

[Fleshdancer]

3. Exactly!

I wouldn't mind the execs being forced to do some community service too. It'll be rough on their manicured nails, but they need to understand what real work is.

[NYC_SKP]

9. I like that idea...Fat fines AND community service. nt

[Triana]

4. I AGREE! n/t

[The Backlash Cometh]

5. Now THAT's the correct response when management screws up.

[MadrasT]

8. K&R for President That One!

:bounce: :woohoo:

[Overseas]

10. I loved that statement. The junket was disgusting. //

[NYC_SKP]

12. It could very easily have gone unnoticed, unexposed.

and it needs even more exposure.

[Overseas]

15. And apparently Wachovia is planning a cruise !!

If we could find out about these in advance, we should join them. Show up with our bags, ready to join the festivities as their sponsors.

http://www.latimes.com/business/la-fi-lazarus9-2008oct09,0,6383400.column

[NYC_SKP]

16. Are we going "Overseas"? OMG, I crack myself up.....Seriously though...

I was just wondering how many of these things are and have been happening as a matter of routine....

Fuck.

[Overseas]

17. YES ! They get an all expenses paid cruise to the Greek Isles !!

Wish we could all show up ready to board. Aren't we company owners now?

[spanone]

11. instead, we gave them 30 more billion

[NYC_SKP]

13. Update: Per MSNBC, AIG has pulled the plans.

Smart move.

It's every bit as much an issue, that they'd take our bailout money and still want to live like kings.

Bastards.

[AndyTiedye]

14. Only Good Thing About This

At least they are blowing all that money here in California!

[texpatriot2004]

18. I wholeheartedly agreed with Obama when he said that at the

debate. Then I read that AIG is asking for and apparently getting MORE MONEY! Even after their wasteful retreat...courtesy of the tax payers, who, BTW, don't have the luxury of that kind of R&R.

[TexasObserver]

19. If we are 80% owners, we should have hiring and firing authority, through the president.

Or the designee of the government.

We should treat this like a real takeover - which means firing most of the top people and cutting salaries drastically at the top.

[tomp]

21. oh, i get it...

....barack thought everyone was going to be on their best behavior after he voted for the bailout. pretty naive, i'd say. ( i know the aig bailout preceeded the "bailout" but it's all the same to me.).


and where's the oversight? we'll work out those details later.