Reuters: – “American International Group (AIG.N), is prepared to ask the U.S. Federal Reserve to relax rules on its $60 billion-plus disposals program to allow bidders to use a greater proportion of shares to pay for its assets, the Financial Times said.”

Comment: 

Talk about situational ethics…Do you think you can retroactively change the rules to suit yourself? Try that with the IRS, or your credit company, or the traffic cops, or with your doctor or lawyer.

But the remedy for people at the top finegling the system is not Gimme A Fix Too from everyone else, though that’s what the anti-market mavens will tell you…..

The remedy is: Unfix It For Them.

AIG’s taking a hit? Tough.

Criminal sanctions, not just civil, should be levied on financial criminals.