AIG failure would still be disastrous for global market

A revised bailout of American International Group Inc may be just another "band-aid" solution, but more than five months after it was first rescued by the government the option of letting the insurer fail would still be considered too big a shock to already fragile global markets.

AIG's board on Sunday approved a broad revision of the U.S. government's $150 billion rescue. It was the third time the government has reached out to the struggling insurer and the latest rescue is expected to put greater funds at AIG's disposal to keep it afloat as it readies to report a roughly $60 billion loss early on Monday...

Reuters: AIG failure would still be disastrous for global market