Four top AIG executives flipped U.S. taxpayers the bird by spending $86,000 on a partridge hunt at an English country manor as the feds gave their struggling firm billions to stay afloat.
The heedless hunters and their guests traipsed through the fields in tweed knickers, firing at defenseless birds and later washing down pigeon breasts and halibut with “the finest wines taxpayers’ money can buy,” the London-based News of the World newspaper reported. There were at least three New Yorkers in the group - Jeffrey Malkovsky, a senior director at AIG’s Manhattan office, Hilary James, the general manager of the luxurious Bristol Plaza Hotel, and her pal, John Roberts, who also advises AIG, sources said.
In interviews with undercover reporters, the AIG honchos said they were aware that the markets were crashing back in New York - but were more interested in bagging birds.
“The recession will go on until about 2011 - but the shooting was great today and we are relaxing fine,” AIG honcho Sebastian Preil was quoted as saying. Preil wasn’t the least bit embarrassed that AIG, which got its first $85 billion bailout from the feds last month, needed taxpayer money to stay in business. The hunting trip came the week AIG got a second loan of $37.5 billion. “We should be on an even keel in two years,” he reportedly said.
Another AIG executive, Alvaro Mengotti, “slurped fine wine” while dispensing advice on surviving the financial crisis. “Invest your money in gold,” he reportedly said.
10 comments:
There were originally five AIG executives in this duck hunt, but they made the mistake of initiating their hunt at Upham Manor.
I managed to bag one and wing another before they got away.
Spend your money now, on anything you can use. If we have hyper-inflation, money will lose it's value. If the economy collapses, and money becomes worthless, you won't have any to lose. I'm investing in black powder and lead. Hey, I've got a couple of twin-sized box-springs I'm looking to get rid of. Any takers? I'm also thinking of using them to make "Stadium Seating" in the ManCave.
"Subregar" Putting your submarine in reverse.
mousnit: the tiff your mouse has when he finds himself stuck in a glue trap. Sorry, just had to get that out of the way.
Was Barney Frank at this goose shoot? I expect him to be for some reason.
Barney Frank is the biggest waste of meat in Congress. He was at the heart of the fiasco when it was happening and now he's trying to use the problem to position himself to come out like a hero. I heard a fantastic quote, in AUDIO, of him speaking and saying that the Republicans, who were shouting and warning about the impending doom we're now in were CAUSING the problem by exaggerating it. He was saying there wasn't any problem at all, the Repubs were the problem with their naysaying! ZOMG!
Barney Frank (D) - Stated that there was nothing wrong. And that there were no safety and soundness problems, and that the report did not serve the public well by bringing up these issues.
http://www.tothecenter.com/news.php?readmore=7394
Five years ago, Rep. Barney Frank, D-Mass., vouched for the "soundness" of Fannie Mae and Freddie Mac, and said, "I do not see any possibility of serious financial losses to the Treasury." In 2004 congressional hearings, where the Bush administration sought greater oversight over Freddie Mac and Fannie Mae, Rep. Maxine Waters, D-Los Angeles, said, "We do not have a crisis at Freddie Mac and, particularly, at Fannie Mae," adding that "the GSEs have exceeded their housing goals." Rep. Gregory Meeks, D-N.Y., said, "There's nothing wrong with Fannie Mae and Freddie Mac."
In these hearings, Barney Frank, now chairman of the House banking committee, said that he doesn't see "anything in the reports that raises safety and soundness problems." Earlier this year, Senate Banking Committee Chairman Christopher Dodd, D-Conn., praised Fannie Mae and Freddie Mac for "riding to the rescue" to help people get home mortgage loans, adding that the agencies "need to do more" to help high-risk borrowers get better loans.
http://www.ocregister.com/articles/freddie-fannie-mac-2183637-mae-accounting?orderby=TimeStampDescending&oncommentsPage=1&showRecommendedOnly=1
Thank goodness someone called this fat freak on the carpet for what he's done to us.
http://newsbusters.org/blogs/noel-sheppard/2008/10/03/oreilly-tears-barney-frank-apart-over-fannie-freddie
If you listen to nothing else, listen to these hearings where the Republicans beg for more regulations on Freddie and Fannie and the Democrats are VEHEMENTLY OPPOSED. Watch Representative Meeks (D) say that the only reason that there is a hearing in the first place is because they Republicans are blowing this all out of proportion!!!
http://vodpod.com/watch/1038839-dems-refuse-to-reform-freddie-fannie-in-2004-video
Didn't mean to set you off.
I have to first say that I noticed you've upgraded your castle. I guess that forclosure sale worked out for you.
Secondly, I have to say that I used to respect Barney Frank as a politician who represented his district, did for his constituents, which is what his job is about in part. But now I see someone how is so deep into the corruption of power, that he cant' even see it himself. I do blame him for a lot of this. He makes me sick, as sick as Bush did. And yet his lying face keeps getting shown like he knows what he's saying, like he's telling the truth. I agree with you whole heartedly, and yet I'm sure there are others. I don't give too much credit to the Republicans, they were in power for 8 years out of the last 10, and we still ended up here. But Barney should just shut the F up.
I spend about five hours per day, perusing this forum and reading several of the articles posted here. Some days, it's tinfoil hats and gray aliens. Most days, it rocks my socks off.
There's enough financial "WTF" here to raise Gleno's blood pressure to a point that we can generate natural, sustainable fusion, using a hemoglobin base, instead of hydrogen.
No joke.
http://www.doomers.us/forum2/index.php/board,5.0.html
That said, and back on topic with the AIG fat cats... Keep watching the news about AIU (AIG's new name). AIG is a company that is as closely tied to the US intelligence community as CIA, NSA, and FBI. They've been a de facto facet of the government since WWII, and this is the main reason that they're getting so much protection/attention.
People are getting very, very unhappy, though. Soon, we'll see some of these names in the news, for different reasons.
http://www.youtube.com/watch?v=eiUTMmRhgCc
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