Monday, March 2, 2009

Can It Fail Now?

If AIG was "too big to fail" but has now gone through 4 bailouts totaling $150 billion since September, and just announced a loss of $62 billion, then can it fail now?

Seriously, this company is no longer worth the sum of its parts. Break it up and sell it so that instead of ever being "too big to fail" again, AIG can be competitive and nimble.

Rescuing these big companies via bankruptcy may just the only hope and change worth pursuing.

UPDATE: Jim Rogers over at CNBC agrees with me! I love being validated.

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