Wednesday, October 15, 2008

Hunters become the hunted: State investigators hit AIG with fraud probe over fat cat expenditures

http://www.nydailynews.com/money/2008/10/15/2008-10-15_hunters_become_the_hunted_state_investig.html

State investigators launched a fraud probe into AIG on Wednesday following revelations that top execs spent $86,000 on a partridge hunt after the feds gave the company billions to stay afloat.

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Comment:

Yes, we were all played. Inexpertly even. It made no difference. You are still on the hook for your $5K so that execs at investment firms can keep living in the exact same foolish manner that they always have.

Smell the theft. That stink is going to linger.

I am still entirely unsatisfied that bailing out investment firms was either necessary or any kind of emergency. But that's me, I actually give a damn what happens to ordinary people but not so much about what happens to assholes on Wall Street.