ays after the U.S. bailed out insurance giant AIG to the tune of $85 billion, said David Lazarus in the Los Angeles Times, senior executives took a “jaw-dropping” $440,000 trip to Southern California’s “ultra-swanky St. Regis Resort,” including a $23,000 spa bill. Congress wasn’t amused when the “post-bailout getaway” was revealed in a House Oversight Committee hearing.
To be fair, in his “congressional humiliation” session AIG’s chief executive said the event was inappropriate and he would have stopped it “if anyone had told him,” said Floyd Norris in The New York Times online. But seriously, “if Wall Street wanted to outrage the nation, could it do a better job than it is doing now?”
AIG’s “frolic at the resort” could actually be useful for the “average American taxpayer” to latch on to, said the Vermont Times Argus in an editorial. “Ordinary people” may not understand “all the nuances and subtleties” behind the $700 billion Wall Street bailout, but they “surely recognize greed” and the need to affix “political responsibility.”
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- 31 TV shows to watch in 2014
- The sexual politics of Game of Thrones just got enormously worse
- He said he was leaving. She ignored him.
- The hidden reason for the student loan crisis
- Why atheism doesn't have the upper hand over religion
- 7 ways to quickly become a master at anything
- 14 wonderful words with no English equivalent
- What would a U.S.-Russia war look like?
- Mad Men recap: 'A Day's Work'
- Why Easter is so important to Christians
Subscribe to the Week