AIG Hammered By Credit Crunch - Business on The Huffington Post

AIG Hammered By Credit Crunch - Business on The Huffington Post: "The credit crunch hit American International Group Inc. with brute force, as the global insurer reported a $5.3 billion fourth-quarter loss largely because of a write-down that exceeded many analysts' expectations. It was by far the worst quarterly loss the company has reported in its history, which dates back to 1919."