AIG – Is this bad?

From deep in the halls of congress – AIG went big-ballin’ after the $85 billion rescue loan of taxpayer money came through.

Courtesy of Nancy’s Pelosi’s speaker.gov website:

A quote from Maryland Congressman Elijah Cummings

Have you heard of anything more outrageous – a week after taxpayers commit $85 billion dollars to rescue AIG, the company’s leading insurance executives spend hundreds of thousands of dollars at one of the most exclusive reports in the nation…Let me describe for some of you the charges that the shareholders, taxpayers, had to pay. AIG spent $200,000 dollars for hotel rooms. Almost $150,000 for catered banquets. AIG spent $23,000 at the hotel spa and another $1,400 at the salon. They were getting manicures, facials, pedicures and massages while American people were footing the bill. And they spent another $10,000 dollars for I don’t know what this is, leisure dining. Bars?

Here’s the bill:

Here’s Rep. Cummings questioning it all:

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