I’M sure that we are all relieved to discover that the little matter of AIG having to be rescued by the US taxpayer didn’t stand in the way of the top brass continuing to take the occasional break from the stresses and strains of corporate life.
Sadly, however, the New York Attorney General, Andrew M. Cuomo, seems to think that dispatching a handful of A.I.G. officials to England on a private jet for a partridge hunt that reportedly cost about $90,000, after AIG had received $85 billion of the taxpayers money was ‘unwarranted and outrageous expenditure’.
What’s even worse is that he wants to claw back the multimillion-dollar payments to Martin Sullivan, A.I.G.’s former CEO, and Joseph J. Cassano, who ran the 377 person London office flogging credit default swaps, which brought down the largest insurer in the world.
Cuomo clearly doesn’t understand that the sole purpose of taxpayers is to provide vast sums of money to make a small number of people very, very rich…
- Chenier
The Idiots Guide To The Lehman Brothers
Posted: 18th, October 2008 | In: Money Comments (11) | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink
Comments
- Magalie on X Factor: Jedward, John & Edward Grimes, Are Voted Out At Last
- Natalie on X Factor: Jedward, John & Edward Grimes, Are Voted Out At Last
- Anisa on X Factor: Jedward, John & Edward Grimes, Are Voted Out At Last
- JEAN PAGE on I’m A Celebrity: Katie Price To Marry ‘Dumped’ Alex Reid In Jungle
- Stephanie on X Factor: Using Susan Boyle To Cast Jedward As Victims
October 18th, 2008 at 9:25 pm
…drink vino
October 18th, 2008 at 4:50 pm
…drink cappuccino?
October 18th, 2008 at 4:37 pm
When in Rome….
October 18th, 2008 at 4:27 pm
Does Carlsberg taste different in different places?
I thought the whole point was that it tasted just as crappy wherever you drink it…
October 18th, 2008 at 4:24 pm
Just got back to Terra Firma. Will be sampling the local Carlsberg tonight.
October 18th, 2008 at 4:17 pm
As long as you don’t wane; it’s miserable weather here…
October 18th, 2008 at 4:09 pm
I was just waxing lyrical.
October 18th, 2008 at 3:49 pm
Watch that deck, Saul; I wouldn’t want to see you sliding off the edge…
October 18th, 2008 at 3:37 pm
Slippery boots!
October 18th, 2008 at 2:44 pm
And you are speaking with the voice of experience!
From beyond the grave, to boot…
October 18th, 2008 at 2:34 pm
Its always much easier and less painful to spend sombody else’s money!