By
Associated Press
.
Published: Tue, November 11, 2008 - 2:51 pm
Last Updated: Tue, November 11, 2008 - 2:54 pm
CHARLOTTE, N.C. (AP) - American International Group is defendinga sales meeting it held at a luxury resort in Arizona, saying it
was a necessary training tool.
ABC News initially reported on the Phoenix meeting hours after
the Federal Reserve and Treasury Department announced an infusion
of another $40 billion into the ailing insurance giant.
AIG officials maintain the meeting held last week was a
legitimate event that helped train about 150 independent financial
advisers.
A spokesman adds that while some previous AIG-sponsored events
may have been questionable, this one was needed to help the company
move forward in paying back taxpayers backing the
government-sponsored bailout package.
Lawmaker Says AIG Executive Should Resign
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Give me a Break, these people should be in politics, and demoted to janitor cause they sure can spread the manure.