AIG's reach into the markets

Too big to fail? There is something wrong when a company get's this large. The problem is greed, power and corruption. I have done a lot of work on risk theory and risk management. The risks to mom and pops from a firm like this who will take their life savings and play God with it is 100% downside, little or no upside.  Where is congressional oversight and what ever happened to enforcing antitrust laws?

(The following the reach of AIS into the markets published from NYFED:)

More than 30 million commercial, institutional and individual customers

More than 180,000 small businesses, not-for-profit organizations and other corporate customers

More than six million customers with retirement plans or accounts

Largest life and health insurer

Largest issuer of fixed annuities

Second largest investor in U.S. municipal bonds

Second largest property and casualty insurer

Major provider of protection to participants in 401(k) retirement plans

Major provider of retirement services to not-for-profit healthcare groups, schools and universities

Major participant in derivatives markets engaging with major national and international financial institutions, U.S. pension plans, stable value funds and municipalities

Holder of more than $10 billion in loans from state and local government entities

Issuer of approximately $38 billion of stable value wrap contracts

Issuer of approximately $20 billion of commercial paper, held in large part by money mutual funds