To better understand the issues behind AIG’s financial crisis and the benefits of the recently announced plans to restructure, I refer readers to these articles and documents:
NY Times The Case for Saving AIG March 2, 2009, Andrew Ross Sorkin
NY Times Propping Up a House of Cards Feb. 28, 2009 Joe Nocera
AIG Restructuring News Release March 2, 2009
AIG AIU Holdings Keypoints March 2, 2009
Private Risk Advisor 
I saw Andrew Sorkin on Charlie Rose last night. I think he is weening himself off being a Wall St apologist as he too has come to realize the bankers’ folly (presumptuousness) in fighting attempts to regulate the industry so the crisis of 2008 doesn’t happen again. In case you are interested, I have just posted a piece based on his discussion.
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