Not so stupid ... sorry.
Would you rather have 200 banks fail in the next two months? And have 500 go on the watch list?
We will probably get our money back from AIG. They have assets that dwarf the 80 billion. If they fail they kill the economy. Fed reserve had no choice buddy. Again, sorry.
Or too much choice, "buddy"?
AIG has been criminally negligent by refusing to sell assets and streamline their business in the past couple years. It's not like they didn't know they needed restructuring at least. Executives out to lunch, too busy feeding at the trough.