[JohnnyZ]

This is unfortunate.

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.

[PA-RIVER]

They insured too many mortgages.... mortgages being paid by people who never paid their rent on time before they bought a house. Who had their cars repossessed and bounced checks as a way of life.

Insurance is a gamble. They have one division that lost this time.