isetts.com

Even as Mr. Picard gathers up assets, fights are brewing over how much will be paid out. Mr. Picard has said he intends to pay claims on a "net equity" basis, or the difference between what customers put in and what they took out.

Many former Madoff customers want more. Some said their claims should be based on what was shown on their November 2008 account statements, which reflected balances of nearly $65 billion, before the fraud collapsed. Several investors have sued Mr. Picard over the matter. The suits are pending.

Breakdown of AIG losses, alot of stuff that does make much sense.

One example is $4.4 billion as a result of a credit valuation adjustment: Meaning that since AIG has lost its triple A rating it must pay the insurance (CDS) holders money because the insurance policy (CDS) takes into account the failure to perform of both counterparties.

And FTW is this ... $21 billion in lost tax benefits. How can you have no income and lose more money because you lost tax benefit? And what type of tax benefits was AIG getting that was worth 20 Billion dollars?