It’s now been explained by AIG that the soiree at the St. Regis Resort was actually held for the top-producing life insurance agents and not for the employees. So, just to be clear, the six-figure post-bailout party was for the agents that sold the highest dollar amounts of the riskiest insurance instruments to the highest number of unwitting [...]
Archive of entries posted on October 2008
AIG Party Cost $440K – NYS Insurance Dept Supervisor Condones
Not only does AIG throw a $440,000 mega-party for it’s executives just one week after their bailout (paid for by you and me) but the Superintendent of the New York State Department of Insurance, Eric Dinallo, said that he sees somes value to the luxury retreat party at the St. Regis Resort & Spa. He actually stated that the retreat [...]
How Much Is a Billion Dollars? Heavy, very heavy.
I heard a caller on Jim Bohannon’s radio talk show tell him that he weighed $10,000 worth of $100 dollar bills. They weighed .2165… pounds – about a fifth of a pound. So how much would $1 billion dollars weigh? … … … wait for it – think about it…. … … OVER 10 TONS! Yes, over 10 tons [...]
