AIG responds ...
http://www.forbes.com/markets/2008/1...acescan01.html
Quote:
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The flailing insurance giant explained in a letter from its chairman to U.S. Treasury Secretary Hank Paulson that it was simply a "mischaracterization." The "executive retreat" only included 10 AIG employees, with the rest of the attendees being independent insurance agents. He also made sure to point out that the event was planned before the bailout took place.
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Does the US gov't have any control over these guys with the 80% leverage? If they did, fire these guys. The company files for bankruptcy, but they still don't cancel their posh weekend vacation.
