Posted On: October 9, 2008, 7:45 am CDT

Posted By: underwriter

If you can't see why Americans are angry with AIG then you need to stand back and try to objectively look at this situation. The company just took a $85 BILLION loan out from the government and then promptly sent out it's execs, or top producers - it really doesn't matter WHO they took out - on a nice little all expenses paid vacation to the tune of $400,000. Not only that, but at least the rumor mill has it that the company has another little junket booked and they intend to honor it. Here's what gets Americans mad. You take out an emergency loan to keep the business afloat but STILL go out and do this very stupid stupid thing. AIG had every right, no - obligation to cancel this event and for once use a little financial responsibility to make the right call. Here's my question to you: do you honestly think that Joe Q Public has any interest in purchasing a new AIG insurance policy? AIG may have taken what seemed to be a necessary trip to maintain it's connections to the sales force, but I imagine that the other side of the balance sheet will see a huge negative dividend in public opinion and, consequently, new business.