Washington Babylon — October 17, 2008, 8:09 am

How AIG Spends Its Money: Resort stays and political support

Earlier this month, AIG executives headed to a luxury spa in California to decompress after the company received an $85 billion federal bailout.

How else does AIG spend its money? Well, federal disclosure forms show that the company set aside $750,000 to pay for the Republican convention in Minneapolis and another $750,000 to underwrite the Democratic convention in Denver.

The spirit of bipartisanship all around.

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More from Ken Silverstein:

From the November 2013 issue

Dirty South

The foul legacy of Louisiana oil

Perspective October 23, 2013, 8:00 am

On Brining and Dining

How pro-oil Louisiana politicians have shaped American environmental policy

Postcard October 16, 2013, 8:00 am

The Most Cajun Place on Earth

A trip to one of the properties at issue in Louisiana’s oil-pollution lawsuits 

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