AIG Fraud

NEW YORK (CNN) -- A key Democratic lawmaker called Tuesday for the resignation of American International Group's CEO after the troubled insurer held a financial planners conference last week at a posh Arizona resort.

AIG had come under sharp criticism for sending executives on a lavish English partridge hunt and a weeklong retreat at a California resort after accepting an $85 billion bailout -- since grown to $150 billion -- from the federal government in September.

"These guys, they don't get it," Rep. Elijah Cummings, D-Maryland, said on CNN's "American Morning."

"They came to us basically saying 'we are on the critical list, and we need a respirator,' and we bail them out, and the next thing we know, we turn around and they are going out partying and spending the taxpayers' dollars. And it's kind of -- it's very upsetting."

Undercover footage shot by KNXV shows top AIG executives, including Larry Roth, president and CEO of AIG Advisor Group, sitting poolside and drinking coffee while conference-goers attended meetings. Another executive -- Art Tambaro, head of AIG subsidiary Royal Alliance -- stayed in one of the resort's two-story villas.

The footage also shows a few executives being shuttled in a luxury Lincoln Town Car one night and enjoying dinner and drinks at a McCormick & Schmick's seafood restaurant, where they spent more than $400, KNXV reported.

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[ejbh3160]

Its all a big JOKE!

Paulson used to be the CEO of Goldman Sachs... he took 500 MILLION in 'bonuses' for doing such a wonderful job! Then it went POP!

So what did the government morons do?? They gave him the 700 billion to throw around at his good buddies from the 'old days'!

Let's all go party... and on the taxpayer (in secret of course)! So what's new.