AIG takes $122.8 billion of taxpayer money, enjoys luxury resorts

UTTERLY DISGUSTING!

What do you expect when you put the fox(es) in the hen house???!!! & by the way, can you hear the background music....it sounds a lot like theme from the "Godfather"!!

Do the AIG agents want a job? That should be motivation enough. If they aren't motivated, there are plenty of jobless people out in the market who would be very motivated just to get a paycheck.

Hey Feds, bail me out too! I need a spa vacation!

I worked 36 years as an RN and my husband has worked more than that as an engineer. We have never been to a spa or a luxury vacation. I resent tax money from hard working people being squandered this way.

These guys live in a whole different world. At the very least you'd expect Paulson to require them to act in a politically responsible manner. Oh, but wait, he has that much money too. Silly me. Let us eat cake.

Will AIG PLEASE PAY MY HOUSE NOTE, AND THE 150 AGENTS WHO NEED MOTIVATION CAN COME CUT THE GRASS AND PAINT THE OUTSIDE. THIS IS WHY THE GOVERNMENT IS IN THE FIX IT IS IN. TAKE THE TOP MANAGEMENT OF THIS ^*&*)(*)*y$$^%$&^t COMPANY AND PUT THEM ON THE STREET, WONDERING WHERE THERE NEXT PAYCHECK IS COMING FROM AND WHEN THEY WILL EAT AGAIN. PS. YOU CAN ALSO TAKE THE PERSON OR PERSONS WHO ALLOWED MORE MONEY TO BE GIVEN TO THIS &*)*^^%$$%#@#%^%&)( COMPANY TO BE FIRED IMMEDIATELY AND THE GOVERNMENT WONDERS WHY THE PEOPLE HAVE NO FAITH WITH THEM....

Instead of spending the last seven years and billions of dollars chasing foreign terrorists and protecting our borders, we should have been watching the terrorists that have devastated our economy and continue to encourage the invasion from Mexico. All for the mighty dolar.

As long as "we" the tax paying middle class accept this kind of financial abuse it will continue. The attitude today seems to be "grab the most and bail." Obama said they should have to pay the money back and be fired. That's at least a start.

Is this the rich man mentalaty? What happens when the money runs out???????? You cut back on frivolous activities. You dont have the money to go to the spa, get your hair done, nails, toes, night out on the town, etc. Get it.

Get real people! With the feds having a controlling stake in this company now, THEY should be calling the shots. Where is the promised "oversight"???? Send this article to your congressional representatives and DEMAND a cessation of these shenanigans!!! (and a CANCELLATION of the perks). By the way, the taxpayers need to know the names and SALARIES of all executives and board members--including those in the U.K.!! Get this information out in the news media immediately.

If the fed's dont clean house in this company ,than who are we to trust withe the 700B

I can think of no words to describe this besides, perhaps, outrageous. This is an insult and an assault on all Americans (with the exception of AIG honchos). The temerity of AIG to request more money, especially this soon, doesn't surprise me. The idiocy and naivete of the government to comply, does...although I guess it shouldn't. And if AIG is bold enough to overtly misuse these funds (St Regis vaction), can you imagine what is going on covertly? When the $700 bailout began the FBI promised to immediately begin investigation large corporation corruption ...why aren't they starting with AIG?

Why are we giving money to an insurance company at all when we allowed a large mortgage company like Countrywide to falter? Bailing out Countrywide would have at least made a little more sense to me. Who can we protest this to officially and how (I would appreciate someone telling me if they know)?

The government should have never GIVEN AIG the $85B in the first place, much less the additional $37.8B mentioned.
Half Moon Bay should immediately cancel the reservations for the salesmen who are scheduled to attend the "conference."
The executives who attended the last conference at a cost of over $400 thousand should be required to reimburse the government for the expenditure out of their own pocket, not from AIG's expense account.

AIG is not simply taking money from taxpayers. Of the $85 Billion promised loan, AIG is paying 12.5% in interest on any amount it borrows, and 8.5% on any amount it is not using, presently. Which other company or entity is the Governmnet asking for 8%+ interest from? Not Goldman or Morgan Stanley, who are hoovering cash from the Fed's Discount Window at 2% and less. Note Blackstone, which is 'managing' Bear Stearns' $30 billion portfolio for a 'modest fee'. Henry Waxman should be ashamed, as should most of Congress, many members, including Barney Frank, were sucking at Freddie Mac's teats fo cash while denying the need for real regulation of these behemoths (including Fannie Mae) which are truly costing taxpayers cash, some $200 billion...Give AIG a break.

I think Carol has the right idea. They need to be held accountable for their actions, and we need to know who "they" are. AIG executives (and then the executives of all the other companies we are giving money to) need to be made public and watched/investigated.

The American people are sheep that have been being sheared for decades (at least) but now the wolves have gotten so completely out of control that we taxpayers are being forced to intervene directly to pay for their greed and excess.

The CEO of Lehman Bros admits that he took over 200 million dollars from Lehman's shortly before the collapse, a congressman chastises him with righteous indignation, and then the sob walks out of the room, back to one of his several multi-million dollar palaces, and nothing happens.

This latest AIG ripoff is just more "business" as usual that will never stop until America is just another third world economy with 99%
of us on an economic treadmill while the other 1% live beyond amy pharaoh's wildest dreams.

The parallels to Imperial Rome are glaring and have been noted by many.

Go to the address below if you've got 23 minutes to spend hearing the bare naked truth from one of the most eminently qualified persons you could ever hope to tell it like it is.

http://www.pbs.org/moyers/journal/09282007/watch.html

Carol:
I for one have already expressed my displeasure to my two senators and one representative in the US Congress. And I have already received a canned response from one of the senators expressing his thanks for my interest in government and letting me know that he is working diligently for his constituents. (LOL)

What can we do? Who can we write? People from California should go and protest in front of the Ritz Carlton.

FLOOD YOUR SENATORS AND CONGRESSMEN WITH PHONE AND E-MAIL IMMEDIATELY TO STOP THIS