AFTiger 282 Posted February 4, 2009 Share Posted February 4, 2009 Wells Fargo defends, then cancels Vegas junketFeb 3, 11:32 PM (ET) By DANIEL WAGNER and MATT APUZZO WASHINGTON (AP) - Wells Fargo & Co. (WFC) (WFC) abruptly canceled Tuesday a pricey Las Vegas casino junket for employees after a torrent of criticism that it was misusing $25 billion in taxpayer bailout money. The company initially defended the trip after The Associated Press reported it had booked 12 nights beginning Friday at the Wynn Las Vegas and the Encore Las Vegas. But within hours, investigators and lawmakers on Capitol Hill had scorned the bank, and the company canceled. The conference is a Wells Fargo tradition. Previous all-expense-paid trips have included helicopter rides, wine tasting, horseback riding in Puerto Rico and a private Jimmy Buffett concert in the Bahamas for more than 1,000 of the company's top employees and guests. "In light of the current environment, we have now decided to cancel this event as well," the company said Tuesday night in a news release that also said the it had never planned to use taxpayer bailout money for the trip. Story HereDemocrats, however $500K spent on Dem caucus retreats By Susan Crabtree Posted: 02/03/09 07:10 PM [ET] The House Democratic Caucus spent more than $500,000 in taxpayer money over the past five years for its annual retreats at resorts in Pennsylvania and Virginia. On Thursday, Democrats will head to the Kingsmill Resort and Spa in historic Williamsburg, Va., for the three-day planning powwow. The resort boasts multiple championship golf courses, a full-service spa and six restaurants. Individual lawmakers pay for most of the expenses related to retreat lodging through their campaign committees, but the Democratic Caucus subsidizes some of the costs for what aides consider “official business† to the tune of nearly $100,000 each year, according to a Democratic aide involved in retreat planning. For instance, the caucus picks up the hefty transportation tab, as well as the thousands of dollars in expenses each year for guest speakers, food and entertainment, according to financial disbursement records. Democratic leadership sources were reluctant to talk about any aspect of the trip, but they defended it as an important planning session for the entire country. Story Here Link to comment https://www.aufamily.com/topic/56093-wells-fargo-cancels-las-vegas-retreat/ Share on other sites More sharing options...
Justin5 20 Posted February 4, 2009 Share Posted February 4, 2009 http://www.upi.com/Top_News/2009/01/22/Lob...32911232645285/ http://thehill.com/leading-the-news/25k-go...09-01-21_2.html This is a ridiculous thing to start arguing about. Link to comment https://www.aufamily.com/topic/56093-wells-fargo-cancels-las-vegas-retreat/#findComment-579737 Share on other sites More sharing options...
autigeremt 7,549 Posted February 4, 2009 Share Posted February 4, 2009 Both parties can be married to this kind of media. I agree with Justin on this one. Link to comment https://www.aufamily.com/topic/56093-wells-fargo-cancels-las-vegas-retreat/#findComment-579761 Share on other sites More sharing options...
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