Washington must monitor corporate bailout money

TO THE EDITOR:

Why are taxpayers paying thousands of dollars for executive retreats?

Less then a week after getting $85 billion from the government the insurance corporation AIG spent $440000 on an executive retreat. A few weeks later as the government gave them another $38.7 billion a handful of the top AIG executives spent thousands on an English hunting trip. Now we find out that only 22 days after being taken over by the government Fannie Mae spent close to $7000 on an executive golf trip for 20 people.

Correct me if I'm wrong but aren't taxpayer dollars supposed to go toward helping the liquidity problem not lavish getaways for rich executives?



Swathi Putcha

Junior

Business