Your Tax Dollars at Work

Shortly after the federal government threw the American International Group an $85 billion lifesaver loan, top brass at the cash-strapped insurance company went on a week-long spending spree at a luxury resort overlooking the Pacific Ocean. Invoices obtained by congressional investigators show that AIG shelled out more than $443,000 to the St. Regis Resort in Monarch Beach, California, including nearly $200,000 for rooms, $150,000 for meals and $23,000 in spa charges.

Shortly after the federal government threw the American International Group an $85 billion lifesaver loan, top brass at the cash-strapped insurance company went on a week-long spending spree at a luxury resort overlooking the Pacific Ocean. Invoices obtained by congressional investigators show that AIG shelled out more than $443,000 to the St. Regis Resort in Monarch Beach, California, including nearly $200,000 for rooms, $150,000 for meals and $23,000 in spa charges.

The lavish outlay was discovered by investigators for a House committee probing companies involved in a financial meltdown on Wall Street and at markets around the world.

The resort, according to its Web site, is "situated high on a bluff overlooking the majestic Pacific Ocean" midway between Los Angeles and San Diego. A room with a luxury ocean view, butler service, two marble bathrooms, and a private balcony would set you back $1,295 a night.

The AIG invoices covered expenses from September 22 through September 30. The Federal Reserve had come to the company's rescue with the $85 billion loan on September 16.

To see the AIG invoice for the week-long stay at the luxury spa, click here.

To visit the St. Regis Web site (there's no charge for just looking), click here.

To go to the House Committee on Oversight and Government Reform Web page, click here.