As David Lazarus of the LA Times is reporting today, executives from AIG attended a $440,000 company retreat at the St. Regis Resort in Monarch Beach a few days after the company received a $85 billion taxpayer bailout. (See also Lazarus’s October 8 article.)
Similarly, brokers at Wachovia Corp will be leaving on Saturday for an all-expenses-paid cruise of the Greek islands.
Your tax dollars at work, my friends, your tax dollars at work.
Truemajority.org is suggesting you write to Treasury Secretary Paulson and tell him the AIG director who authorized the retreat should be fired and the funds returned to the US Treasury.
Will it make a difference? I’m not convinced. But I suppose it beats doing nothing.