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: The GavelRep. Elijah Cummings: They were getting manicures, facials, pedicures and massages while American people were footing the bill
By Karina
At today’s Oversight Committee hearing on AIG, the Committee discovered that a week after the government spent $85 billion dollars bailing out AIG, executives went on a retreat at a luxury resort, spending $443,343.71:
Rep. Elijah Cummings (D-MD) on the expenditures:
Have you heard of anything more outrageous - a week after taxpayers commit $85 billion dollars to rescue AIG, the company’s leading insurance executives spend hundreds of thousands of dollars at one of the most exclusive reports in the nation…Let me describe for some of you the charges that the shareholders, taxpayers, had to pay. AIG spent $200,000 dollars for hotel rooms. Almost $150,000 for catered banquets. AIG spent $23,000 at the hotel spa and another $1,400 at the salon. They were getting manicures, facials, pedicures and massages while American people were footing the bill. And they spent another $10,000 dollars for I don’t know what this is, leisure dining. Bars?
Watch:
Full post as published by The Gavel on October 07, 2008 (boomark / email).
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