I'm no expert on high finance, and don't claim any clairity concerning the AIG disaster. That being said, and having listened to some of the Congressional hearing into the mess, I have to wonder why an orderly bankruptcy and reorginization would not better serve us than this obscure ring-around-the-rosie of talking heads and self serving politicos.
This dinosaur of a corporation has a deadly cancer within it and may be incurable by any means known, expecially to those within the company. Treasury and Federal Reserve seem to have lost control of the situation, and should have it removed from their (lack of) control. Give it to a federal bankruptcy court that has the power to enforce decisions.
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