No kidding. AIG begrudgingly cancelled it’s latest planned soiree at the Half-Moon Bay Ritz Carlton in northern California after a huge backlash from us party-poopers, the taxpayers. On the same day that they received a second multi-billion dollar loan from the Federal Reserve, AIG tried to justify going ahead with their planned retreat for it’s [...]
Archive of posts tagged 2008 election
AIG hosts $440,000 party – Part(y) II
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 [...]
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 [...]
