Rock Out With Your Bailout

1points Posted 57 days, 6 hours ago by Bronwen

7--Days after federal officials agreed to an $85 billion bailout of American International Group, the insurance firm spent more than $440,000 for a corporate retreat at a swanky California resort.

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Source: http://www.thesmokinggun.com/archive/years/2008/1007083aig1.…

Comments

It is behaviour like this that will drive the Person-to-Person (P2P) lending boom over the next decade. Think Kiva.org, but for profit and within your own community.

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That’s disgusting.

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One question occurs to me : how many staff were at this conference? The answer to that and the conference agenda would make a large difference to what we should think of this expenditure.

Just a thought.

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