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Thread: It is stuff like this about the bailouts that piss me off......

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  1. #1
    Inactive Member UTVols2's Avatar
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    It is stuff like this about the bailouts that piss me off......

    If the Government is going to bail out lending corporations, the auto industry, etc. stuff like this can't happen. It is kinda like a reward for f'in up. Any CEO of a corporation that needs to be bailed out should be fired immediately as well as anyone who made any type of business decision that put them in that position. Stuff like this just chaps my ass.


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    Inactive Member imported_elp6n's Avatar
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    Re: It is stuff like this about the bailouts that piss me off......

    You hear what AIG did right after they got their bailout money

    http://www.cnn.com/2008/POLITICS/10/...ltdown.aig.ap/

    <div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">WASHINGTON (AP) -- Days after it got a federal bailout, American International Group Inc. spent $440,000 on a posh California retreat for its executives, complete with spa treatments, banquets and golf outings, according to lawmakers investigating the company's meltdown.

    AIG sent its executives to the coastal St. Regis resort south of Los Angeles, California, even as the company tapped into an $85 billion loan from the government it needed to stave off bankruptcy.

    The resort tab included $23,380 worth of spa treatments for AIG employees, according to invoices the resort turned over to the House Oversight and Government Reform Committee.

    </div></div>

    They also paid cash bonuses (even when they promised not to), did a hunting retreat in Europe, and another resort activity after that even.
    You'll shoot your eye out.

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    Inactive Member UTVols2's Avatar
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    Re: It is stuff like this about the bailouts that piss me off......

    Yep. I saw that also, really boils my blood. I think if you are caught doing something like this you should be held accountable and arrested, sent to prison, and take one in the backside from a 365 lb redneck.
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