Off and on over the past few weeks, I’ve been thinking (and saying) that I ought to buy stock in AIG. After all, if the government is going to spend all those billions bailing it out, they aren’t going to let it fail. And since it’s lost over 90% of it’s value, I would assume that after this recession, it would be worth something in the neighborhood of its old value. But as I’ve watched AIG’s stock price fall and fall and fall and fall and fall, I started to think I must be wrong, because I surely can’t be the only person to have this idea.

So here we are, and AIG is not only getting more money, but under more favorable terms. That’s either proof of the government’s commitment to keeping AIG afloat, or it’s a nasty game by AIG’s management to loot as much as possible from the US Treasury before going under. Either way, I don’t want to have anything to do with this stinking mess of inbred opportunism. I’ll keep my money where it is for now, thanks.