AIG’s Bailout Finances Partridge Hunting Party

Seeing how $60K would basically eliminate my debt and avoid bankruptcy, this REALLY pisses me off (h/t Jonathon Turley):

A Huntin’ We Will Go: AIG Throws Itself a Hunting Party After the Public Bailout

American Insurance Group executives have been ridiculed for spending $440,000 for entertaining themselves at a spa only days after receiving $85 billion in a public bailout. It appears that they have gotten the message. They went hunting partridges instead in England at a cost of $86,000. That is over three times the average income of the American citizens bailing them out for poor business decisions.

AIG officials defended their hunting party on the grounds that it is an annual event and was planned before the bailout. Perish the thought that they would cut back once they are put on the public dole.

“This was an annual event for customers of the AIG property casualty insurance companies in the U.K. and Europe, and planned months before the Federal Reserve Bank of New York’s loan to AIG,” company spokesman Peter Tulupman.

The New Daily News quotes AIG head Sebastian Preil as saying “The recession will go on until about 2011 – but the shooting was great today and we are relaxing fine.”

I feel much better.

That fact is that AIG executives are doing us all a favor. If it were not for these hunts, partridges would overrun this world, imposing a partridge-based economy and partridge-based society. Indeed, Sarah Palin recently showed a picture of Obama with a partridge when he was eight years old. AIG is the thin executive line that keeps us partridge free.

For the full story, click here.