Doh!
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?
