Our country is facing its worst economic crisis since the Great Depression. AIG, an insurance giant, recently received $123 billion of taxpayers’ money to rescue it from bankruptcy. But even though AIG executives knew their company was in danger of going broke, they continued the party, leaving taxpayers to deal with the hangover.
This is despicable! Just days after the government announced an $85 billion loan to the company in September, AIG decided to pay for a $444,000 week-long retreat at a posh California resort for its top-performing insurance agents.
Plus, earlier this month, as AIG asked for an additional $38 billion loan, its executives traveled by private jet to go partridge hunting in England, which cost $90,000. Last week, New York Attorney General Andrew Cuomo threatened legal action if this wasteful spending continued.
We cannot allow AIG to get away with this.