AIG collapse tied to value collapse in life sector

"Back in September, our company faced one of the worst liquidity crises I think any company has ever faced...we got through that," Liddy said during in a conference call. "What's happening to us now is what's happening to any other life insurance company, or any company that has long-dated assets. It's happening to homeowners. It's happening to people who have 401(k) plans. Asset values around the globe are in free fall."Liddy expressed hope that the recent stimulus plan and continuing effo