Despite its massive losses,
is paying out millions of dollars in bonuses. The beneficiaries include employees at a business unit that was responsible for writing billions of dollars in derivative contracts that nearly led to the company's collapse last year.
The Treasury Department determined that the government, which now owns 80% of the troubled insurer, did not have the legal authority to block the bonuses, but
wants the matter reviewed.
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This article was written by a staff member of TheStreet.com.