Tuesday, November 11, 2008

2-Fer Tuesday!!

It's that time again!

Ok, here's the first one, and it's kind of a WTF were they thinking.. AGAIN?!?!

I got to work this morning, and was waking up to some news when I heard this little tidbit that really got my blood boiling.

AIG, you know, the insurace GIANT who is declaring that it needs 150 BILLION dollars in order to keep from going bankrupt and taking the rest of the US economy with it, has done it again..

Last time they got bailout money, they sent corporate executives off for a golfing junket in California!

I don't know about you, but if I were teetering on the verge of bankruptcy, and I got some cash to pay off my debts, I don't think I'd use the money for a Disneyland vacation..

This time? They're still hollering for money to bail them out. And what did they do?

Spa Treatments.


Corporate folks were seen going to Colorado for a conference, and while there, treated themselves to lavish spa treatments.

Let's see.

First, you need money so you can go play golf, and fritter away a couple million.

Next? You then run off to some conference, and get facials, massages, and waxing??

I'm no financial genius, but this sounds completely ridiculous!

I mean, in order to make capital gains, I know that you've got to get in with the companies and talk shop. I understand that.

But to then treat yourself to lavish spa treatments, and golf junkets, and whatnot really bothers me.

Impress a client with the ability to budget, and spend within your means.

If your company is going bankrupt, then don't go blowing tons of cash for a Caribbean getaway.

If you're trying to impress them, do it with your financial portfolio, and not your pocketbook.

Anyway, that's my rant for now, more to follow later today!


PinkPiddyPaws said...

Old news on that one. I've already done my ranting and raving. Now I'm ready to see what new fuster cluck they come up with.

Anywhoo -- the phrase "golden parachute" gets my blood boiling as it is. Grrrr....

Jormengrund said...


I'm thinking about taking a number from their book, and just get myself into debt up to my eyeballs, and see if the state or government will bail me out.

I can just see myself standing at the front of the courtroom, and telling the judge:

"Yes your honor. I know that I'm in debt. However, I feel that because the government felt it was necessary to bail out this HUGE corporation while they were still pissing away money, I think that paying off my measly 50K debt shouldn't really be much more of a hassle.

Thanks for your time, and I'll wait for your check."

Catherinette Singleton said...

I read that article about how they sent their bastard execs out on some luxury golf retreat. All I have to say is, "f you in your stupid a holes, AIG."

They are dirty bastards.