What you don’t see is that AIG Financial Products basically wrote " insurance" on the majority of the toxic radioactive sub-prime debt out there. All that crap that Moody’s and S&P gave an investment grade A rating to did so because there was a guarantee from AIG Financial Products.
AIG insurance itself did not have a huge exposure to sub-prime. AIG is a strong brand name and has a lot of good assets.
200 people in AIG FP are responsible for this mess.