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March 12, 2009
AIG Told U.S. Failure May Cripple Banks, Money Funds (Update4) | www.bloomberg.com
AIG, should be forced to downsize and start to sell of assets just like any other company would be directed to do in chapter 13. AIG has a lot of assets that are not mandatory to continue operation, such as their massive buildings that could be sold off and get much smaller leases. This would be one place to start and another start point would be salary of management. Everyone at the top should be terminated (with 0 benefits) for doing a bad job (not holding the insurance funds to pay out on claims should be illegal).
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Early signs of caution begin to cloud frontier exploration and production
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