Opinion: AIG's second 'kitchen sink' quarter

A second consecutive set of "kitchen sink" fourth
quarter results will have done little to strengthen the fragile
confidence in AIG's management among the investment
community.
The insurer's mammoth $5.6bn reserve charge was revealed
just over a year on from a $3.6bn strengthening that also sent it
to a big Q4 operating loss.
At the time the company was able to point to its strategic plan
to turn around the business, which it unveiled the same day.
While management didn...