While We Read This: Bailout for AIG swells to more than $150B
Which you can read here, and the stock was tanking, guess what AIG execs were up to.
Oh Ya Another 'It's Paaartiiii Time!!'
KNXV Discovers $343,000 Secret Gathering, AIG Signs and Logos Hidden
ABC News just had the report on their World News Tonight show.
November 10, 2008— Even as the company was pleading the federal government for another $40 billion dollars in loans, AIG sent top executives to a secret gathering at a luxury resort in Phoenix last week. Reporters for abc15.com (KNXV) caught the AIG executives on hidden cameras poolside and leaving the spa at the Pointe Hilton Squaw Peak Resort, despite apparent efforts by the company to disguise its involvement.
There's more at their site, link above, didn't see Rosses Video up yet though
But we can go to the original report at KNXV in Phoenix for that.
With a couple of Video's as well as another report.
There's another video at the report
To the outside observer, the 2008 Asset Management Conference held this week at the Pointe Hilton Squaw Peak Resort in Phoenix was nothing out of the ordinary. Conference participants, however, were notable because of the publicity they've received for their role in the ongoing financial crisis. The conference at the posh resort included many senior managers at American International Group, or AIG, one of the world's biggest insurers and recipients in September of more than $85 billion from the federal government.
Now back at the ABC News report we have this:
AIG confirmed that former football quarterback Terry Bradshaw had been scheduled to appear and sign autographs. The company said it canceled Bradshaw's appearance which was to have been paid for by another company that was a sponsor of the event.
I believe they said the Bradshaw signing was going to be a $40,000 payday for Terry, whoops sorry there no ducats this time!!
UpDate: Whoops didn't catch it before but apparently Terry gets the 40grand even though he was canciled, not a bad pay One day, he'll be smilin now!!