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I agree - After Laying off thousands and getting 80 billion from the tax-payers, these sleez-oids have the nurve of Taking a Vay-Kay on the peoples dime.....
Not saying it is right or wrong, but the media is reporting that AIG actaully did this. However, if you dig deeper into the story, you will see that this "lavish" party was put on by American General, which is a subsiduary of AIG. American General has no problems with their money. They held this shindig to not only reward their employees, but to reward the individual independent insurance agents that sell their product. Now, these same independent insurance agents are getting rewarded to continue to sell the product, which keeps them coming back for more, which empowers a company to make money and not have to be bailed out.
Should this money have been transferred to AIG somehow, instead of keeping a separate financial statement, or should subsiduaries be allowed to make the money they can and keep it within the company?
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