Which they are doing with money they will borrow from Asia and who knows where, or from the private banks which make the Federal Reserve.

Who cares, if it's a good investment? AIG's core insurance business is fundamentally sound and not based on any sort of bubble. Strip out the silly subprime stuff (that only represented a tiny fraction of AIG business- check it out) and it's a great successful insurance company. "Borrowing" to purchase such an appreciating asset is smart. I wish I could do it. ;-)

Hey, daylight robbery can take whole day, but not longer.

When industries are privatized, often their value is set on the assumption that a responsible maintenance/reinvestment strategy will be followed as would have occurred were it still in public ownership. Whereas the new owners can increase the value hugely and sell for a bonanza if they can maximize profit by deferring maintenance and not reinvesting. What do you suppose happened? It's a government failure too if it sets value based on assumptions that do not match how human beings behave.