AIG Executives Visit Posh Retreat After Bailout

from National Public Radio

Lawmakers criticized American International Group executives for lavish spending. Henry Waxman, chairman of the House Committee on Oversight and Government Reform, said Tuesday that AIG executives spent about $400,000 during a retreat at a posh California resort. The spa getaway happened less than a week after the government bailed out the insurance firm.

Broadcast Dates

• Morning Edition, October 8, 2008