Cuomo Tells AIG "The Party's Over"

2008_10_cuomodt.jpg

Today, Attorney General Andrew Cuomo held a press conference on Wall Street, announcing his investigation of AIG's expenditures since 2007. You can read the letter he sent them here (PDF), but he does call their spending "unwarranted and outrageous" and asks the Board of Directors "to cease and desist any such further expenditures, and review, rescind, and recover all past unreasonable expenditures."

Plus, Cuomo says, "The Board must also immediately institute new protections to prevent future abuses, and provide this Office with an accounting of executive compensation and benefits... Accordingly, the Board should immediately cease and desist these improper and extravagant expenditures which exploit the taxpayers of this Nation." We believe that's a nod to expensive junkets after getting the $85 billion bailout from the feds.

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Comments (10) [rss]

Incorrect, this party is just getting started. 'Outrageous Expenses of the Rich' are always a popular scapegoat in tough economic times but are actually a drop in the bucket.

I love the "let me tell u somth'n" body language in this shot.

What's Danny Devito doing in there?

It's Always Sunny On Wall Street

Haha.
Can't expense that bottle of Patron this weekend!

I'd love to air out the dirty laundry on the Cuomo clan..you know its there but the clever pricks do a brilliant job of hiding it.

And B.J. Novak from the office on the left

Good for Cuomo-- it sounds like these AIG executives really have contempt for the tax-payers.

A HUNTING THEY (AIG) WILL GO
(A Hunting We Will Go)
WilliamBanzai7

A hunting we will go, taxpayer dough we blow
Heigh ho, the lear jets go , a hunting we will go
A hunting we will go, taxpayer dough we blow
We'll beg for cash and then we'll dash
A hunting we will go

A hunting we will go, its not our cash we blow
Heigh ho, the CDOs, a hunting we will go
A hunting we will go, there's more spent than you'll know
We'll catch a SPA then get out of Dodge
A hunting we will go

A hunting we will go, taxpayers are all just schmoes
Heigh ho, the bailout boat, a hunting we will go
A hunting we will go, we'll lose your money so
We'll catch a bear and cut his hair
And then we'll let him go

A hunting he will go, a hunting he will go
Heigh ho, the merry-o, his name is
Andrew Cuomo

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