This video from the Charlie Rose show should give one a fairly complete view of most of the relevant finance and political issues surrounding the AIG situation. (hat tip Calculated Risk)
Participants include bank analyst Meredith Whitney and Gretchen Morgenson of the NY Times, and Carol Loomis of Fortune. Why is Hank Greenberg in this panel? It seems incongruous since most of these problems happened while he was the head of AIG. Very strange.