The blogs are simply ablaze over bonuses, who allowed it, finger pointing and outrage. To that effect, I thought putting the focus on a fairly detailed and informative Congressional hearing is in order.

American International Group’s Impact on the Global Economy: Before, During, and After Federal Intervention.

Firstly one might read the Government Accountability Office testimony. It's quite a mixed bag and one must really be concerned in AIG taking years to rid itself of the London Financial unit, referred to as AIGFP. Later in the testimony, Liddy himself says this is the problem and it needs to be wound down quickly. Quickly is assuredly not years.