AIG needed immediate help from the Federal Reserve and Treasury to prevent a âcatastrophicâ collapse that would be worse for markets than the demise last year of Lehman Brothers Holdings Inc., according to a 21-page draft AIG presentation dated Feb. 26, labeled as âstrictly confidentialâ and circulated among federal and state regulators. âWhat happens to AIG has the potential to trigger a cascading set of further failures which cannot be stopped except by extraordinary means,ââ said the presentation by New York- based AIG. âInsurance is the oxygen of the free enterprise system. Without the promise of protection against lifeâs adversities, the fundamentals of capitalism are undermined.ââ ========================== Sounds to me like they acted in an anti-social and traitorous manner. Hanging offense where I come from. By their own words.