Replies

[Tim]

AIG cancels planned events amid rebukes for hosting $440,000 function

American International Group Inc. said Thursday that it would cancel most of its planned events after lawmakers castigated the insurer for hosting a $440,000 function at a resort while benefiting from an $85-billion government bailout.

The cancellations include an event that was scheduled for next week at the Ritz-Carlton in Northern California's Half Moon Bay. The gathering that drew the rebukes was held last month at the St. Regis Resort in Dana Point. About 100 independent insurance agents who sell coverage for New York-based AIG attended, spending $23,000 on spa services, among other things.

Read more here -

http://www.latimes.com/business/la-fi-aig1...0,2353290.story

Anyone wonder why we're in the crapper? These clowns almost go under, taxpayers who are losing jobs and homes bail them out - and they're off to a laa-dee-dah spa fxxxing resort??? Obviously nearly going out of business BY THEIR OWN HAND did nothing to change their way of thinking. Jerks. A couple of nice quotes from the article -

"This kind of behavior is an insult to taxpayers," the Montana Democrat wrote in a letter to Fed Chairman Ben S. Bernanke. Baucus asked for a response by Oct. 23.

"I cannot fathom how in the same day -- the very same day -- that AIG asked the government for another $37.8-billion loan, the company would even consider moving forward with plans to host another large conference at another luxury resort," said Rep. Elijah E. Cummings, a Maryland Democrat.

THEN, skipping another chance to learn they're idiots, they want to ADVERTISE EXPENSIVELY about their screw up. A nice repsonse -


"To spend the taxpayer's money on an expensive ad campaign to apologize for how you used taxpayer money leaves you open to further attacks," Sard wrote in an e-mail Wednesday to Ashooh.

It just stuns me to think how stupid people who are supposed to be smart have been.

[TSNSPYDER]

A couple thoughts I have.
All CEOs make way too much money. The percentage they make compared with the lowest paid person in their company is the highest ever.
It's Detroit's own fault. They need to build reliable cars that people want. Once they do find a car that people want, they price it out of everyones league. Example, the new Dodge Challenger. People want Mazdas but they don't want Fords, but doesn't Ford own half of Mazda. They need to look at their own examples.
No bailout, where were the bailouts for the tv manufacturing industry?
Why don't they do this type of bailout? Here's my example of my idea. Let's say a Ford usually sells for $18000, make Ford give an individual $5000 off so the car is now $13000. The government will now give Ford $2500 for that purchase. That way everybody is happy and the money actually moves.
I'm not sure but for a $2.5 billion bailout, this means 1 million cars would sell with this deal.
I actually drove one of those EV cars the first year it came out. I drove one in April 1997. Supossedly, the batteries were bad .....yah right. That's why they took them off market. What scares me is the same guy who killed the EV electric car, is the same one promoting the Chevy Volt.

[Southsider2k12]

A couple thoughts I have.
All CEOs make way too much money. The percentage they make compared with the lowest paid person in their company is the highest ever.
It's Detroit's own fault. They need to build reliable cars that people want. Once they do find a car that people want, they price it out of everyones league. Example, the new Dodge Challenger. People want Mazdas but they don't want Fords, but doesn't Ford own half of Mazda. They need to look at their own examples.
No bailout, where were the bailouts for the tv manufacturing industry?
Why don't they do this type of bailout? Here's my example of my idea. Let's say a Ford usually sells for $18000, make Ford give an individual $5000 off so the car is now $13000. The government will now give Ford $2500 for that purchase. That way everybody is happy and the money actually moves.
I'm not sure but for a $2.5 billion bailout, this means 1 million cars would sell with this deal.
I actually drove one of those EV cars the first year it came out. I drove one in April 1997. Supossedly, the batteries were bad .....yah right. That's why they took them off market. What scares me is the same guy who killed the EV electric car, is the same one promoting the Chevy Volt.

I do believe that would run against existing trade laws, but I am not certain of that. I do know Toyota, Honda, and company would throw a gigantic fit.