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1_ManOnBeach.jpgThe party is literally over at American International Group, as the beleaguered company scrapped plans to host a second lavish junket to reward top-performing agents in the wake of a tsunami of criticism for continuing to live the high life, throwing a $400,000-plus celebration for life producers after begging Uncle Sam for not one, but two massive loans topping $120 billion to keep the organization afloat.

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