AIG's $85 BILLION EXECUTIVE RETREAT

Insurance giant A.I.G., who foolishly jumped into mortgage mess and then went to the government for an $85 billion bailout, has just given the American taxpayer the middle finger. Barack Obama made reference to this last night, and the LA Times:

Just days after the federal government committed $85 billion of taxpayers' money to a bailout of insurance giant AIG last month, senior execs from the troubled company headed to Southern California's ultra-swanky St. Regis Resort in Monarch Beach for a week of wining and dining top salespeople.

The total cost for the retreat was $440,000. Keep in mind that we now know that in the days before it filed for bankruptcy protection last month, "AIG tried to hide negative information about its condition from auditors."

Obama's right. The government needs to sue to get our money back, and someone needs to be fired.

- Mark