Investigations by the New York Attorney General’s office, the Federal Bureau of Investigation, the Securities and Exchange Commission, and the British Serious Fraud Office has disclosed that AIG was guilty of much more serious actions, over the last six years, than the bonus disbursements, and involve several cases of alleged fraud.

To quote Peter Morici, a professor at the University of Maryland School of Business and the former chief economist at the US International Trade Commission, “Clearly this company has had endemic problems and it’d be best if we broke it up and sold it off so others can run its parts.”