AIG's Top 10 Losses: From Bad to Worse

American International Group issued an explanation of how the insurer made the single largest quarterly loss in history... The company reported a $62 billion loss in the fourth quarter -- on its way to a $99.3 billion loss for the year - that appears almost understandable.

AIG details significant items (losses) totaling $64.1 billion. These are the top 10 significant items:

No. 10: $1.2 billion in foreign-exchange and other realized capital losses. Which is about the same amount that: a.) North Carolina said it would need in the next two years to keep the state's health plan from collapsing; and b.) General Motors said it would cost in fees if the carmaker went into bankruptcy...

The Street: AIG's Top 10 Losses: From Bad to Worse