It’s just sadly true. Here’s one article from Bloomberg.com, you can use Google News to search AIG if you need to see more. The value of AIG stock at the opening bell on March 5, 2008 was $45.82, today it was 50 cents. They need to be allowed to fail. Because fail they will, and the only question now is how much of our money will be thrown away in the process
Do not ever say that the desire to “do good” by force is a good motive. Neither power-lust nor stupidity are good motives.