A.I.G. -is Their Greed Exceeding Their Business Savy?

The article in the Times today entitled "A.I.G. Will Use a Grading System for Bonuses" struck me first for the fact that "A.I.G" and "bonuses" were in the same line.
Just so I'm clear - is this not the same company who asked the Federal Reserve for a $40 billion loan? Yes, this request was not met...for that amount. Instead they got a $85 million loan...no chump change in my book.
So excuse me if I think that they are in no shape to be giving out bonuses of any kind or receive any credit for "changing their system" and how they give out bonuses. They have over 100,000 employees around the globe- those bonuses start to add up no matter the size.
In exchange for the loan they received the government took over 80% of the stock which means we the American people are more closely connected to the BMW's,Mercedes and mcmansions of some A.I.G executives and employees than we may have thought.
So yes the bonuses are now given out depending on how hard it thought the individual is working but they are still being given out when the company is in DEBT. That hurdle should be tackled before anything else