I heard a rumour last night that there was private capital prepared to take over AIG, but the AIG boys scuppered all attempts because they didn't want to lose their jobs. This doesn't surprise me at all - bloody corporate welfare recipients all of them. They stuff up what was one of the safest and stable companies and expect the taxpayer to foot the bill. If you were a US citizen you'd be looking for an exit. But don't come here this country isn't going anywhere fast - try Hong Kong.
Not PC sums up the situation best here!