AIG Is Now an ATM

AIG has been a big disaster the last few months, hasn't it? Not if you happen to work for Morgan Stanley, Deutsche Bank, or BlackRock, or any of the other dozen or so banks and law firms expected to rake in as much as $1 billion breaking apart the insurance giant. But at least one firm involved in the process is making it clear that they see this as a civic mission—not just a convenient way to generate fat fees. The law firm Davis Polk & Wardwell has generously offered up a 10 percent discount on its services, so it's only billing the federal government $950 an hour for legal advice. Thanks, guys! [WSJ]