Originally Posted by junglejim

American International Group corporate executives, and representatives of various AIG subsidiaries, were partying in style at the posh St. Regis Monarch Beach Resort, in Southern California, just 2 weeks after taxpayers bailed out the insurance corporation for $85 billion. Was this really an effective use of taxpayer money?

Remember how, just last month, AIG teetered on the brink of financial apocalypse? The effects of the insurance giant's imminent collapse were deemed so dire that the Federal Reserve galloped to the rescue with $85 billion of your (and my) tax dollars. What a difference two weeks make.

Last Friday, as the rest of America was in financial crisis overload, preparing to watch the Presidential debates, and reeling from the aftershocks of Congress rejecting the first bailout plan; executives and insurance representatives from AIG subsidiaries were living it up with champagne and caviar in a swanky ocean front hotel.

No word yet as to what the conference was about, or why it wasn't canceled after the taxpayer funded bailout went through, but AIG did offer a weak explanation that the event was "not what it seems." Now that the American taxpayer is effectively footing the bill for these types of questionable corporate decisions, an off-the-cuff answer is as insulting as the event was inappropriate.