In a shocking revelation, American International Group (AIG), insurance giant said that more than half the taxpayer bailout money it has received has been paid to investment firm Goldman Sachs and several European banks.
This has raised an outrage against AIG across the world.
AIG said it paid out $90bn to firms such as Goldman Sachs. US government officials and politicians expressed anger at the $165m in bonuses that AIG said it had to pay its employees.
The company said it would work to reduce the amounts paid for 2009 and believed it could trim those payments by at least 30 per cent.