AIG CEO's Under Fire
In what could lead to another crippling blow to the Wall Street's image, Katie Couric examines Congressional hearings involving the alleged corrupt practices of former AIG CEOs.
House Committee on Oversight and Government Reform holds a hearing investigating what led to the taxpayer-funded bailout of insurance giant AIG. Rep. Elijah Cummings (D-MD) questioned witnesses regarding expenses incurred by AIG at a hotel that hosted a company conference after the government bailout that totaled up to $85 billion. Cummings cited charges totaling nearly half a million dollars, including thousands spent at the hotel salon and spa.
Labels: Corporatocracy, Economy, Financial, Government Bailout
posted by Marc1A at 10/07/2008 08:45:00 PM
1 Comments:
After the government knows of this , why are we going to give them 38 million more. Plus I thought that the so called golden parachute was not going to be tolerated. How do we get the government to do something about this ?
October 09, 2008 9:49 AM
Post a Comment
Links to this post:
Create a Link
<< Home