Doh!
It is starting to leak that AIG (you know, that group that was “too big to fail” so it had to get bailed out by Uncle Sam) knew of its high risk, so the surprised look everyone was wearing on the day Uncle Sam stepped in was as fake as Lisa Rinna’s lips.
Emails inside AIG reveal their playbook of realizing an impending, acknowledging a crisis, twiddling their thumbs about a crisis and ultimately did nothing about the crisis. AIG’s own risk assessment was either insanely wrong OR they just got unlucky and that less than 1% chance everything would crumble just happened to occur despite shouting from the mountaintops that nothing was wrong.
What do you think- is this a case of economic bad luck or does it smell like an Enron style coverup?
