AIG takes another $350,000 vacation trip

So, AIG takes taxpayers dollars to bail themselves out, and treats themselves to a $350,000 luxory resort meeting.

Hey – you know what, you could have spent $25,000 and held it in a Marriott with a breakfast bar. You know – at least act like you’re trying not to piss the country off.

AIG gets a bigger bailout. More spa treatments – yay!

Evidently, AIG just can’t lose. It lost $25 billion last quarter, so the US government is going to buy up another $40 billion shares of stock to keep the company funded.

In a lot of ways, it’s a “do over” of the original $85 billion loan to $60 billion, but it’s still proof that the US government is willing to do what it takes to keep AIG liquid. For now.

AIG still spending more than it takes in

Dear People Running AIG,

If you’re going to ask for a loan from the US taxpayers, don’t spend more money than we give you. After all, that money is a loan, and it doesn’t encourage us to find out that you’re spending more money than you’re taking in.

You may recall, that was what got you, and most of the country, into trouble. I know I toned down every debt until all I have left is my house, my student loans, and one credit card I plan to have paid off within a year or so, and money into savings.

You might want to try that one, AIG, instead of blowing more money than the taxpayers gave you, then asking for more.

Yours,
John Hummel

PS: I swear, if I hear about another hunting trip or massage trip for your executives, somebody’s going to get their junk kicked in.

Hey AIG execs: You’re doing it wrong

You’d think after the whole “American people bailing you out for $85 billion, then becoming a scandal by sending executives to a really expensive spa trip“, that you’d learn your lesson.

Buuut – no. Seems senior AIG executives decided to run out on an English hunting trip while asking for another $37 billion in bailout money.

Tally-ho!