Will someone please explain to me, in laymen's terms, what the fuck happened?    
And why the goverment now owns a 80% share in a private corporation? Yes i understand they put up 85 BILLION to bail them out but doesnt this go against everything a free market... hell a democracy should stand for. Not having the government bail out and take possession of private firms using tax payer dollars?   
EDIT: I tried editing my title so it read AIG, not Aig but of course you cant edit a title after its already posted.