Staggering news out of CNBC. AIG needs more funds from the U.S. government due to a $60B loss (yes, billion) in the upcoming quarter. What’s alarming here is that AIG is likely being a bit more open than most other companies due to their unique relationship (nationalized) with the government. They have nothing to hide at this point. If AIG is losing that kind of money in a single quarter you have to assume that the losses across the financial sector are staggering and likely not being reported accurately.