AIG has trillions of dollars obligations on it book. It is a endless money sucker. Gov. pumped in 170b already and no one knows how much more to make this dead dog survive.

C/BAC are "designed" for nationalization because gov. coordinated BAC's deal of CFC and C is american icon which is too big to fail under Ben and Obama administration.

GM is another american icon and too big to fail.

All US equity investors need to wait is a complete solution (bankrupcy or nationalization) of these big 4 阴魂。 before that happens, we won't see a meaniful long term turnaround.