I am not a fan of Rolling Stone's political pieces, but this article is the most informative one I've read about the collapse of AIG and what it means for the financial system.
It's eight pages, but I recommend reading it through.
The mistake most people make in looking at the financial crisis is thinking of it in terms of money, a habit that might lead you to look at the unfolding mess as a huge bonus-killing downer for the Wall Street class. But if you look at it in purely Machiavellian terms, what you see is a colossal power grab that threatens to turn the federal government into a kind of giant Enron — a huge, impenetrable black box filled with self-dealing insiders whose scheme is the securing of individual profits at the expense of an ocean of unwitting involuntary shareholders, previously known as taxpayers.
I should not that it's not for sensitive eyes; Rolling Stone is 'edgy' and we all know 'edgy' means fowl language.