AIG Bailout Oversight Hearing, Panel 2 

As a former employee AIG / American General , this company was by far the best I have ever worked for. It was not about the Money it was about believing we could turn around the company. After selling off my divison, we still held on until the very end of closure. The People who broke the company truly cost the taxpayers, employees, and even AIG insurance divison a great loss emotionally, financially and even the American Dream of defeating failure and turning it into success.

Thank you for your insightful comment Mrs. Turner

Someone should tell the teenager sitting behind the Rep. that he should stop chewing...

The “unintended consequences” of accounting rules that exposed AIG as ungoverned and technically insolvent

1:31:55 next 8 minutes ... I am sill in coma

25:50 the way he says accounts sounds texan

AIG under Greenberg was super-shady. Retroactive finite reinsurance contracts that should have been accounted for as loans used to hide reserve deficiency and smooth YoY results, using the USTR to force their way into markets and undercutting risk pricing, etc. etc. It may have been a good company decades ago, but one of the worst since 2000.

so true

But according to the credit rating agencies - all they do is provide opinions.

So much tax payer money for so little in return.