So let's get this straight. Regulators are paid by the people they are meant to regulate (OTS "regulating" AIG). That is simply amazing. And the Standard and Poor, the rating agency, gave AIG their highest rating of AAA deeming it an incredibly safe, recommendable investment.
A full, and actually edible, radio story on Ira Glass's This American Life on NPR is available. Episode link below.
http://www.thisamericanlife.org/Radio_Episode.aspx?episode=382
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