WTF! AIG to get another $37.8 billion loan after their execs went on a $400,000 spa retreat

[PA Democrat]

the week after the first loan?

And now, Rep. Elijah Cummings is on Hardball saying that he has heard that AIG execs have ANOTHER one of these nice little junkets planned.

Is anyone else as furious as I am?

CHARLOTTE, N.C. - The Federal Reserve on Wednesday agreed to provide insurance giant American International Group Inc. with a loan of up to $37.8 billion, on top of one made to the troubled company last month.

Under the new program, the Federal Reserve Bank of New York will borrow up to $37.8 billion in investment-grade, fixed income securities from AIG in return for cash collateral. These securities were previously lent by AIG's insurance company subsidiaries to third parties.



http://news.yahoo.com/s/ap/20081008/ap_on_bi_ge/fed_aig;

[Warpy]

1. They're planning another party next week.

With Congress in recess, who's going to haul them in to make them explain themselves? Certainly not the GOP DOJ.

[PA Democrat]

2. If the government is not going to put these crooks on a short leash

while we are footing the bill, maybe we need to take names and make sure that protesters make their lives a living hell of constant embarrassment. I'm think of nice "CROOK" signs every where the pigs show their faces.

[OhioChick]

4. Pelosi wants everyone to go back...

Pelosi says $150B economic stimulus plan needed

House Speaker Nancy Pelosi said Wednesday that a $150 billion economic stimulus plan is needed now because of the faltering economy and she may call the House into session after the election to pass it.
Pelosi told reporters that the stock market meltdown, which has caused an estimated $2 trillion loss from pension funds, was a factor in her recommendation for a second stimulus bill. The first relief plan sent out $600-$1,200 tax rebate checks to most individuals and couples this year.

The House did pass a $61 billion economic aid proposal last month before lawmakers left Capitol Hill ahead of the Nov. 4 election. But a similar plan failed to pass the Senate. President Bush had promised a veto anyway.

If Democratic nominee Barack Obama wins the White House and if Capitol Hill Democrats make gains in the elections as well, it might be easier to pass a stimulus measure over dispirited Republicans, especially if the economy remains in big trouble. ...

http://www.breitbart.com/article.php?id=D93MGUB06&show_article=1&catnum=-1

[flvegan]

3. Why shouldn't they? I mean really.

The money is rolling in and nobody's going to do anything. Seriously. What, does ANYone think that THIS Congress will do anything about this? Puh-leeeeeeze!

Solid gold Lamborghinis for everyone on the taxpayers!

[halobeam]

6. Sometimes, bosses do NOT delegate. Time for US to do something.

Old saying still stands: If you want something done right, do it yourself!

I like the idea of getting their pics, names, describing who they are, what they did and are still planning to do and putting it in the local paper in the town they live in. We are still allowed to print the truth at this time, no? (or has that right been taken away in some signing statement we haven't seen?)

[Frustratedlady]

5. Absolutely, I'm mad.

I was talking to the insurance company that has my savings in a guaranteed interest/secure account to make sure it was still secure. I had just seen an article that said they were selling some of their assets because they had some losses from investing in AIG and Lehmann Bros.

So, through no fault of my own, and the insurance company should have been OK in thinking they had a solid investment, are spending all afternoon making sure I don't have a problem. THEN, I listen to the news and find out they had another spa retreat planned. How do people get these jobs?

Yes, I'm mad as hell!

[Initech]

7. If the execs aren't spending this money wisely, fuck 'em.

Seriously, fuck 'em in the ass. A $400,000 spa and golf retreat isn't exactly spending this money wisely.