Based on what I just read about the suit by the New York Attorney General, I have the feeling we are in deep doo-doo. It remains to be seen how things will turn out. The credibility of the company certainly appears to be at stake.
AIG is the biggest and most feared insurance company worldwide. You can't take this company down. Since the shareholders own 80% of the company, the government have made its choice to be AIG's superman.