AIG’s CEO Says ‘Exec Retreat’ Not for Employees

October 8, 2008

  • October 11, 2008 at 11:33 am
    Kathy says:
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    I for one do not appreciate losing all that money out of my 401k .. so those people who make way to much money anyway go to a retreat and be pampered .. i work to hard for that money .. some of those people should put in a 12 hour shift somewhere and find out what real work is .. i really think those people should be fired and having to repay our of their own pockets what they spend on those retreats .. or what ever else they call it .. i am very furious over this ..

  • October 11, 2008 at 11:39 am
    Kathy says:
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    why do they need to use a resort .. why not a training room .. like at my job .. we all have to pile into a small hot room to hear what idiots have to say .. what makes them (sales man) any better then us ..

  • October 11, 2008 at 11:41 am
    Kathy says:
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    hear hear

  • October 12, 2008 at 8:13 am
    President Obama and ACORN says:
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    Look folks your next president and his friends at Acorn are not any different than this mess at AIG. Why the heck should anyone at AIG get punished if this idiot is going to get elected. You get the government, businesses, and life you allow. 69,000 votes added in one Ohio county alone. What B.S.? And we are pissed off about AIG taking their Top Producers and given the Golden Boys and Girls treatment for a few days. WHooo!

  • October 12, 2008 at 9:24 am
    ACORN article worth reading. says:
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    A Smelly Acorn

    The ‘voter registration’ racket.

    By JOHN FUND

    Members of the left-wing activist group Association of Community Organizations for Reform Now (Acorn) had a quick and predictable response to this week’s raid of their Nevada offices by authorities investigating a possible massive voter-registration fraud scheme.

    The Las Vegas Sun reports that Acorn volunteer Frank Beaty immediately claimed the raid, which removed computers and files from the group’s offices, was a conspiracy designed to prevent the registration of new voters. Acorn’s national chief Bertha Lewis called the raid “a stunt that serves no useful purpose other than [to] discredit our work registering Nevadans and distracting us from the important work ahead of getting every eligible vote to the polls.”

    Reverting to the rhetoric of the 1960s voting rights struggle in the South may be politically useful, but it bears precious little resemblance to the reality of Acorn today. The group has constantly faced charges it mistreats its employees and even broke up their internal efforts to unionize their workplace.

    Clark County Registrar of Voters Larry Lomax told the Sun that Acorn has been registering voters in Las Vegas since January and “we started having problems with them almost immediately.” His staff met with Acorn and was offered promises that fraudulent registrations would no longer be turned in. “But those controls weren’t sufficient,” Mr. Lomax said.

    Indeed, the more his office and that of Nevada’s Secretary of State looked into Acorn’s effort, the more worried they became. Jason Anderson rose to the rank of supervisor in Acorn even though he was a convicted felon. Other employees had served time for identity theft. Another former inmate who worked for Acorn told authorities his co-workers were “lazy crack heads.”

    Acorn’s activities are under investigation or suspicion in a dozen states, with one of its workers indicted just last week in Wisconsin. Perhaps the Nevada raid will spur authorities elsewhere to dig down and conclude their investigations by Election Day — before Acorn can do even more damage to the integrity of the vote.

  • October 13, 2008 at 9:06 am
    Concerned American Citizen says:
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    Obama fundraiser, convicted of fraud, spills beans By MIKE ROBINSON, Associated Press Writer
    Sat Oct 11, 11:44 AM ET

    Jailed political fundraiser Antoin “Tony” Rezko, the Chicago real estate developer who helped launch Barack Obama on his political career, is whispering secrets to federal prosecutors about corruption in Illinois and the political fallout could be explosive.

    Democratic Gov. Rod Blagojevich, whose administration faces multiple federal investigations over how it handed out jobs and money with advice from Rezko, is considered the most vulnerable.

    Rezko also was friendly with Obama — offering him a job when he finished law school, funding his earliest political campaigns and purchasing a lot next to his house. But based on the known facts, charges so far and testimony at Rezko’s trial, there’s no indication there’ll be a so-called “October surprise” that could hurt the Democratic presidential nominee — even though Rezko says prosecutors are pressing him for dirt about Obama.

    “I think this strikes fear into the Blagojevich administration and the Statehouse Democrats but not into the Obama campaign,” says state Sen. Kirk Dillard, R-Westmont, a John McCain delegate to the GOP convention but an old friend of Obama.

    Rezko, 53, a real estate developer, was convicted in June of scheming to use his clout with the Blagojevich administration to squeeze $7 million in kickbacks out of a contractor and seven money management firms seeking to do business with the state.

    Within two months, Rezko was seen in U.S. Attorney Patrick J. Fitzgerald’s office, along with his attorneys.

    There has been no official confirmation that Rezko is talking but his sentencing has been postponed indefinitely and both sides say they are going to “engage in discussions that could affect their sentencing postures.”

    “They never would have delayed the sentencing if he weren’t talking — it’s proof positive,” said Jay Stewart, executive director of the Better Government Association of Chicago.

    In addition, attorneys say federal investigators have been questioning Blagojevich contributions around the state using information that only Rezko could have supplied. Finally, courthouse personnel requesting anonymity because grand jury probes are secret said Rezko has been repeatedly brought from his cell to the U.S. attorney’s office to talk to prosecutors.

    Rezko could have a lot to tell. He has raised millions of dollars in campaign money for many Illinois politicians and according to federal prosecutors used his clout to control appointments to state boards.

    Obama has sent to charity $159,000 that Rezko raised for his campaigns for the state legislature, the House and the Senate. Rezko raised nothing for Obama’s White House run.

    Obama’s name came up in testimony at the trial four times, twice in connection with an obscure legislative memo, as a guest at a Rezko party and when defense attorney Joseph Duffy told jurors his client was a friend of the senator.

    None of the witnesses accused the Democratic nominee for president of doing anything improper. In June, Duffy told the Chicago Tribune that prosecutors had not asked him a single question about Obama.

    But questions concerning Obama’s relationship with Rezko linger, particularly over Rezko’s role in the purchase of the Obamas’ home.

    The two have known each other for years, starting when Rezko offered Obama a job after he graduated from Harvard Law School in 1991. Obama didn’t take it, but a friendship developed.

    The men talked politics frequently and occasionally dined together with their wives.

    In 2005, the Obamas paid $1.65 million for their home near the University of Chicago. The sellers wanted a parcel they owned next door to sell on the same day, and Rezko’s wife, Rita, was the buyer. At the request of the Obamas, Mrs. Rezko later sold them a 10-foot strip of land to enlarge their lot. They paid $104,500.

    The deal took place while Rezko was under investigation and when details of the cozy relationship surfaced, Obama said it was a “bonehead” error to have asked for the additional land because it looked like he was getting a favor.

  • October 13, 2008 at 10:31 am
    plymn says:
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    Back in 1999 the NY times reported on the pending financial crisis due to social engineering due to giving people loans even if they were unqualified to receive them and were unlikely to pay them back. (subprime loans!!)

    This was done as a result of supposed discrimination in lending practices. Institued in the Clinton administration due to pressure from the Democrats, ACCORN and other similar organizations. Why aren’t Democratic heads rolling?

  • October 13, 2008 at 10:44 am
    Dr Smart says:
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    Don’t wake them up but Obama’s tee pee is folding up faster than a tee shirt at the Hanes factory.



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