AIG: We're Using Taxpayer Dollars For Cancellation Fees Only

Bad publicity forces AIG to cancel Bay Area retreat

Insurance giant AIG has been shamed into  canceling  an upcoming luxury retreat in Half Moon Bay.

Rooms at the Ritz-Carlton Resort begin at $400 a night and are outfitted with marble bathrooms and feather beds.

AIG said it will pay cancellation fees.

The company got an $85 billion loan from the government last month and this week borrowed another $37 million.

Now, a congressman is demanding AIG repay  the $440,000 it spent on a luxury retreat in Orange County last month after the government bailout.

The luxury retreat price tag included $147,000 in banquet costs, more than $23,000 in spa treatments,and nearly $10,000 on drinks and room service.

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