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October 8, 2008

This is why we fail

WASHINGTON - Days after it got a federal bailout, American International Group Inc. spent $440,000 on a posh California retreat for its executives, complete with spa treatments, banquets and golf outings, according to lawmakers investigating the company's meltdown.

AIG sent its executives to the coastal St. Regis resort south of Los Angeles even as the company tapped into an $85 billion loan from the government it needed to stave off bankruptcy. The resort tab included $23,380 worth of spa treatments for AIG employees, according to invoices the resort turned over to the House Oversight and Government Reform Committee.

Yes, you read that correctly. The same assholes the government bailed out so that millions of Americans could have a chance to salvage what is left of their retirements, homes, et al just threw a Sweet 16 party- and we weren't invited.

This just reaks of one of those "Priceless" commercials. At least Obama is shaking his finger at them. That should help.

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