AIG needs to fail in order to right this system. I think others should go down as well. I would love to see an economy that allows everyone to prosper and, the greedy at the top learn this valuable lesson. Through great mistakes come the necessary lessons that build character and a better future. And sometimes, it's got to get bad, before it can get better.
I think it will be for the betterment of all if mighty wall street hits rock bottom.
It wasn't the free market system. The free market system has no regulation. In a regulated enviroment, regulator has responsibility. No regulation means those banks don't have to mark to market, and we would not have LEH or AIG mess to begin with. CFC would have failed, and be done with. Instead, we are here. It's BS from regulators. Deregulate or bail out. It's not a joke anymore.