{"id":8921,"date":"2008-10-08T02:48:43","date_gmt":"2008-10-08T02:48:43","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/after_bailout_aig_executives_head_to_resort\/"},"modified":"2008-10-08T02:48:43","modified_gmt":"2008-10-08T02:48:43","slug":"after_bailout_aig_executives_head_to_resort","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=8921","title":{"rendered":"After Bailout, AIG Executives Head to Resort"},"content":{"rendered":"<p>Less than a week after the federal government offered an $85 billion bailout to insurance giant AIG, the company held a week-long retreat for its executives at the luxury St. Regis Resort in Monarch Beach, Calif., running up a tab of $440,000, Rep. Henry Waxman (D-Calif.) said today at the the opening of a House committee hearing about the near-failure of the insurance giant.<\/p>\n<p>Showing a photograph of the resort, Waxman said the executives spent $200,000 for rooms, $150,000 for meals and $23,000 for the spa.<\/p>\n<p>&#8220;Less than a week after the taxpayers rescued AIG, company executives could be found wining and dining at one of the most exclusive resorts in the nation,&#8221; Waxman said. &#8220;We will ask whether any of this makes sense. &#8221;<\/p>\n<p><i><a href=\"http:\/\/voices.washingtonpost.com\/livecoverage\/2008\/10\/after_bailout_aig_executives_h.html?hpid=topnews\">What on earth were they thinking? Makes the heart sick&#8211;read it all<\/a>.<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Less than a week after the federal government offered an $85 billion bailout to insurance giant AIG, the company held a week-long retreat for its executives at the luxury St. Regis Resort in Monarch Beach, Calif., running up a tab<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=8921\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,149,596,594],"tags":[],"class_list":["post-8921","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-economy","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007","category-the-september-2008-proposed-henry-paulson-700-billion-bailout-package"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/8921","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8921"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/8921\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8921"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8921"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8921"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}