AIG, if nothing else, have learned very fast from their dealings with Goldman Sachs. If you are going to take bets you don't really, really understand you ought to scour the republic's villages for idiots upon whom you can lay off the risk.

And so, via a Wall Street Journal report, AIG are setting expectations for another re-negotiation with the US Treasury. A couple of priceless (or maybe not so priceless) quotes from CEO Liddy:

(on the Government's AIG stake of 79.9%) "It kind of chokes out any private market investment"
"in financial services if your name is besmirched it can be hard to recover from that."

On that last point, a note to man-of-the-world but Brooklyn-born Geithner: in administration too.

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