Tuesday, October 07, 2008

AIG knows how to party (with your bailout money) (nytimes)
A week after the insurance giant the American International Group received an $85 billion federal bailout, executives at its life insurance subsidiary, AIG General, held a weeklong retreat at the exclusive St. Regis Resort in Monarch Beach, Calif. Expenses for the week, lawmakers were told, included $200,000 for hotel rooms, $150,000 for food and $23,000 in spa charges.

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