Can you imagine this? You work for a company, AIG, and are responsible for billions of dollars of losing derivatives trades that ends up in a $180 billion government bail out and now you are getting $46 million dollars in pay and bonuses, even if you have left the company.

It was American International Group's (AIG) division AIGFP that was responsible for the bad trades. It is the former and current employees who worked in AIGFP who are receiving the $46 million.

This $46 million is taxpayer money, coming out the government bail out of AIG.

In my previous post on the Financial Stability plan presented by the Obama administration, I mentioned the dangers involved with dealing with some of the sharpest players on Wall Street. I used the analogy of not knowing who the sucker is when you sit down at the poker table because it turns out to be you!

It turns out that the taxpayer bailout money was used to pay bonuses of about $450 million to a small group of employees at the business unit that lost $40.5 billion last year at AIG and caused the crisis in the first place. Apparently, this appears to be a contractual obligation of AIG which cannot be abrogated.