American International Group (AIG), the much-battered insurance company that seems to have become a flailing symbol of the bailout, faces failure. I'm not sure if this news depresses me or if it angers me -- well, actually I do know, but I first felt a slight pang of sorrow for the firm.
The main reason for the impending doom of AIG is the fact that the company is slowly selling off its moneymaking businesses in order to pay off the $130 billion it borrowed from the government during the bailout. Honestly, the company has to sell off its moneymakers (sorry Black Crowes), because they are the only portions of the company that will sell. In fact, some analysts think that AIG is giving up "too much" in order to survive on its own.