AIG want bonuses back to pay for staff party

AIG chiefs, under fire for paying executive bonuses despite a federal government bailout, have changed their minds having seen the quotes for the annual staff shindig.

At a recent Congressional hearing, AIG chairman, Edward Liddy told the board: "Mistakes were made at AIG on a scale that few could have imagined. The $165m paid out to our executives was supposed to go towards our staff night out. We had planned on hiring the Ty Warner Penthouse at the Four Seasons in downtown Manhattan, you know, nothing fancy."

A further inquiry into this alleged claim has revealed that although the American International Group had attempted to book out the $34,000 a night penthouse suite for an entire week, their offer was rejected by Four Seasons management on claims that their last staff night out resulted in a riotous fiasco that made the Oxford Bullingdon Club look like a bunch of little sissy girls.

A Four Seasons manager commented: "The A.I.G. members were all dressed in zoot suits and extinct peacock feathered hats. They ran up an extremely big bar bill ordering Diva Vodka, Hennessey and Cognac, some were even smoking 'blunts'. They completely destroyed the entire suite. Whilst one member was bleaching the walls another was running around aimlessly trying to inflict as much damage as possible with a hand wash dispenser. They left it like they left the economy, then left with a bunch of supermodels."

President Obama has been reported by the BBC to be 'choked up with anger' over the issue but it is more likely that he was simply choked up with a common cold. "I'm absolutely furious with AIG for misleading the American people and misusing $170bn of Americans' tax-payer's money. America needs American business to work for the American people, not against it - forgive me, I'm choked up with anger here," stated Obama with the intensity of a playful dog intrigued by a fly.

A leak from the White House Press Office has revealed that the Democrats must appear to possess this anger emotion in order to convince the U.S. electorate that they have guts - guts that are filled with steak and freedom fries, not just vegetarian tofu.

AIG Chairman Liddy has led the retraction of bonuses by melting down the newly erected solid gold statue of himself posed as Patrick Bateman and donating the financial proceeds to a homeless shelter for former AIG executives down to their last million dollars.