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there are no facts there, just narratives.
JP Morgan basically invented CDS's, they were taken up with gusto at AIGFP.
If you really believe the PoorAIG! stuff, then please explain their exposure to naked CDS's. Did someone at GS and countless other institutions convince AIG to take money on what they considered to be long odds bets on a game neither AIG or the other gambling addicts had any skin in?
AIGFP were horrifically greedy, and insanely stupid if that's the narrative of least resistance you want to go through... there are basically no other narratives that even begin to hold water unless you want to get into deep conspiracy territory on whichever side.
Though i agree there is a decent division of AIG in traditional sorts of insurance which should be spun out pdq.
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"I do not agree that the dog in a manger has the final right to the manger even though he may have lain there for a very long time. I do not admit that right. I do not admit for instance, that a great wrong has been done to the Red Indians of America or the black people of Australia. I do not admit that a wrong has been done to these people by the fact that a stronger race, a higher-grade race, a more worldly wise race to put it that way, has come in and taken their place." - Winston Churchill, 1937 --{ORLY?}--
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