AIG was run into the ground by inefficient and foolish managers. In a free economy, AIG would have gone bankrupt, and the company’s assets would have been taken over by people who were more likely to use those resources efficiently. Instead, AIG used its many lobbyists to steal $85+ billion from the taxpayers, and ensure that a massively inefficient enterprise was rewarded for its incompetence. Now they’re mad that the Feds didn’t hand over the money in a way that AIG liked.

There’s no one to root for in this one.

The Best of Ryan McMaken