More taxpayer bucks to bail out AIG, $61 billion loser


American International Group

(NYSE: AIG) just got $30 billion more of our money over the weekend. There were no pesky Congress members debating whether to give it our billions -- just a feverish weekend of negotiations among unnamed government officials and AIG executives.

How did these folks settle on $30 billion? Why not just let AIG fail? How much more will we need to spend before we start getting our money back? The answers to the first and third questions are: "I don't know" and to the second, I'd say, "Systemically costly derivatives contracts."