After Bailout AIG Execs Spend 440,000 on Company Retreat

Less than a week after the federal government offered an 85 billion bailout to insurance giant AIG, the company held a week-long retreat for its executives at the luxury St. Regis Resort in Monarch Beach, Calif., running up a tab of 440,000, Rep. Henry Waxman D-Calif. said today at the the opening of a House committee hearing about the near-failure