03/18/2010 05:12 am ET | Updated May 25, 2011

The BIGGEST Revelation From 'Too Big To Fail': AIG's Secret Stash Of Bonds: Naked Capitalism

Perhaps there is an innocent explanation for this huge stash. However, but in all my years in financial services (and having had billionaire clients who would be completely within their rights to run their enterprises as personal cookie jars to the extent the law allows), I have never heard of anything remotely this suspect. Given AIG's history, there is every reason to believe this is what is appears to be: a slush fund created for Greenberg's personal use that was never accounted for properly.