The Chinese Solution to Wall Street's Woes
The Indian Solution to Wall Street's Woes
No Bailout ! "They Will Kill You!
Also see: AIG Executives Party in Style
"Ex-CEOs pass blame for AIG's downfall" by Bloomberg News | October 8, 2008
NEW YORK - Three former heads of American International Group deflected blame as a legislative panel reviewed the events that led up to the insurer's $85 billion government bailout.
Robert Willumstad, 63, an ex-Citigroup Inc. president who was installed in June, portrayed a company frantically trying to keep afloat. The company was in talks with Warren Buffett's Berkshire Hathaway Inc. to improve AIG's liquidity if necessary, and was negotiating with banks to obtain more credit.
See: Buffet's Bailout
U.S. Banks Driving Credit Crunch ON PURPOSE!!
Bush Administration Created Credit Crunch Crisis
See why I am so sick of the DAMN HALF-TRUTHERS and LIARS?
Lawmakers at the hearing separately lashed out at AIG for "wining and dining" its executives in a weeklong conference at the St. Regis Resort in Monarch Beach, Calif., just days after the bailout. The stay cost $440,000, said committee chairman Henry Waxman, a California Democrat.
Yeah, the PRO-RICH, PRO-CORPORATE Globe isn't going to bust those chops -- they would rather pick on cops!
That's why this is DUMPED at the END of the piece, rather than being given it's OWN ARTICLE!! Part of a PATTERN that really has me pissed off!!!
"Have you heard of anything more outrageous?" said Representative Elijah Cummings, a Maryland Democrat, noting that the bill included $23,000 for spa services. AIG spokesman Nicholas Ashooh said the trip was scheduled a year earlier to reward top salespeople for AIG's life insurance business. --more--"
Even as they GUTTED the company, huh?
