More On AIG

Since I started I may as well keep going. Here is some reading if you want to keep digging at the AIG mess.

James Kwak at The Basline Scenario has a rundown on how AIG sums up everything that's been going on thus far in our economic meltdown:

$165 million, of course, is less than one-tenth of one percent of the total amount of bailout money given to AIG in one form or another. Yet it may turn out to be the $165 million that broke the camel’s back.

The AIG bonus saga neatly encapsulates many of the problems that we have identified with the financial system and with the bailout to date...

Felix Salmon goes over why AIG was and continues to be propped up by the government.

Andrew Leonard takes a swipe at derivative trading in general.

Obama made some remarks this afternoon about the ongoing fiasco (haven't found a transcript).

And AIG head honcho Edward Liddy has finally gotten around to testifying this afternoon.

Have fun, I think.