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October 4, 2008 at 07:56:58
Promoted to Headline (H3) on 10/4/08: by waronyou Page 1 of 1 page(s) |
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Less than two weeks after Uncle Sam gave American International Group (AIG) an $85 billion loan - staving off financial collapse - execs from one of its insurance subsidiaries, AIG American General, gathered for a conference at the uber-swank St. Regis Monarch Beach Resort, billed as “California’s only Mobil Travel Guide Five-Star Resort,” where ocean-view rooms start at $565 a night and “world class luxury” is the rule.
On Friday, before the presidential debate got under way, caterers for the St. Regis were setting up dozens of tables on the grounds of Mission San Juan Capistrano for AIG American General’s sumptuous off-site dinner. Tables were draped with soft Tuscan-gold tablecloths that cascaded to the grass; elegant fresh flower centerpiece graced each table; and what appeared to be fine crystal stemware, at least from a distance, glistened in the fading light.
Workers set up a lengthy bar stocked with bottles of liquor. A half-dozen tall space heaters stood sentinel in case the evening turned cool. There was a large center stage with lighting and a sound system, and once the sun went down, the whole scene took on a magical patina as tiny white lights twinkled in the trees.
The Watchdog - and the Outraged Taxpayer who alerted us to the situation - understand that corporate events such as these are planned many months in advance. I mean, really. Who could have known in the spring that there’d be Financial Armageddon in the fall?
But still. “The inappropriateness and the excessiveness just blew us away,” said the Outraged Taxpayer, who went to the Mission Friday to pray in the chapel. “It’s outrageous. In very poor taste. Over the top.”
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Parties.....
I just knew there was going to be parties taking place especially now with this last bail out. All of this is getting out of control. Our government isn't listening to the people and its the peoples next generation that is going to suffer from all of this while the big corportations run off with the money. I just wonder how much more does it take before the people have enough of not being heard. by Lindiana (2 articles, 2 quicklinks, 3 diaries, 49 comments) on Saturday, Oct 4, 2008 at 10:39:56 AM  (0+)
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I hope someone gets a video tape showing one of
these celebrations! I'm sure there are several of them, and I bet many who voted in favor of the bailout rip-off will be guests of "honor." If you want to know more about the bailout bill, what caused the crisis, who really benefits, what the bailout bill will actually do, and the names of the 74 Senators who said, "Let them eat cake!" see Senate Bailout a.k.a. Bank Robbery Bill by Mark Adams (20 articles, 0 quicklinks, 0 diaries, 312 comments [39 recommended, 0 rejected]) on Saturday, Oct 4, 2008 at 3:02:13 PM (0+)
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How disgusting
This is disgusting. I’m counting the dollars and cutting the coupons for a grocery store trip this weekend, perusing the grocery store flyer for deals, and planning the meals and snacks for a family of 5 (including 3 teenagers). This after WE bailed out Wall Street and AIG, damn if we couldn’t use a VACA. Instead WE get the STAYcation. It’s time to take these criminals down and make them pay us back, down to their Rolexes and homes and cars. Read the backruptcy laws and you will know what you’re allowed to keep as a middleclass American if you declare bankruptcy and need to be bailed out. You can keep one car, one tv, and one computer. You need to list how many books, cds, and canned goods you own. The lists go on and on. When will these kinds of accountings take place for the Wall Street firms that WE have just rescued? My guess is NEVER and that the Wall Street and political fat cats will continue to party on as usual. by Sharon Frigiola (4 articles, 0 quicklinks, 1 diaries, 18 comments) on Saturday, Oct 4, 2008 at 5:24:45 PM (0+)
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