Why all the consternation over AIG?

We were told that AIG is too big to fail. While other companies have gone bankrupt we bailed out AIG.

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If AIG went bankrupt the courts would set up a receivership and all contracts voided. Bonuses would then be up for renegotiation. We chose to infuse cash with no strings attached. All contracts and other obligations remain unchanged. The same problem exists at the big three automakers. They have unsustainable pension obligations to union employees. Some pressure has been brought against the UAW, without success. Failing to make AIG declare bankruptcy set us up for this ridiculous situation. They still have contractual obligations. Keith C. De Filippis San Jose, CA

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