This blog exists for one simple reason: AIG was stolen from its shareholders and nobody seems to give a damn. While the press sheds many a tear over Citibank, Bank of America, Merril Lynch, Morgan Stanley, WaMu, Wachovia to name but a few, there has been virtually no ink spilled concerning the plight of the shareholders of this once great corporation. And most recently we have had endure B. Madoff being vilified not just by the press, but by prosecutors. And yet, the $50B that Madoff is accused of losing on behalf of his investors is far less than what has been lost by AIG shareholders.
Where is the prosecutor seeking justice for AIG shareholders? Where is the SEC? Where is the WSJ, FT, NYT?
This blog will tell the story of the demise and theft of AIG through the eyes of its shareholders. We encourage you as shareholders to send us your story. We encourage AIG employees and government regulators to spill the beans and fill in the blanks.