From the NY Daily News:
The financial meltdown has wiped $2 trillion out of America's retirement accounts, the government estimated Tuesday - but someone forgot to tell the fat cats.
. . .
Peter Orszag, the top congressional budget analyst, said that translates into $2 trillion lost from pension plans in the past 15 months.
The bad news came as congressional investigators revealed that less than a week after getting an $85 billion federal bailout, a group of American International Group executives went to an exclusive beach resort for a week and blew $440,000.
"The federal bailout occurred on Sept. 16. Less than one week later, AIG held a week-long retreat for company executives at the exclusive St. Regis Resort in Monarch Beach, Calif.," said Rep. Henry Waxman (D-Cailf.)
Invoices showed AIG's resort bill included $200,000 on room fees, $150,000 on banquets, $23,000 in spa charges and $7,000 in greens fees.
AIG received an $85 billion bailout from the government last month.
We gave them how much for what??????????????????
Showing posts with label Henry Waxman. Show all posts
Showing posts with label Henry Waxman. Show all posts
Tuesday, October 7, 2008
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