The $85 billion “AIG bailout” package designed to stave off bankruptcy, had AIG executives immediately celebrating by going off to a luxury Californian resort (a hideaway) specializing in pampering to the indulgence and whims of the rich. The massage, spas and various luxury indulgence bills came to $440,000.
They are not the exception, as other CEOs lining up for a slice of the “bailout money” have their celebrations and folly in mind. For consideration, we should, alongside this “bail money,” add that the CEOs have had 400-plus pay rises over the recent period, their yearly Christmas bonuses, their multimillion-dollar retirement packages, their large share holdings and their generous big tax breaks. I have no doubt too that the recipients in the finance sector and banks now fighting furiously for a slice of the $700 billion will then lend the money back to workers with interest added --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more. -~----------~----~----~----~------~----~------~--~---
