"When these securities credit (default swaps on subprime mortgage) eventually failed and AIG realized it did not have enough money to back them up, the company was bailed out with $61.7 billion of taxpayers' money, the largest amount for any corporation in history. That, however, did not stop AIG paying out $454 million in initially undisclosed performance bonuses in 2009, over a third of which went to employees of the very division that brought the company to the brink of collapse. As the then New York attorney general Andrew Cuomo put it:"When the banks did well, their employees were paid well. When the banks did poorly, their employees were paid well."
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