Lehman was bad, AIG would have been worse

This is a list of the biggest corporate bankruptcies according to the Associated Press. Is it any wonder that the market tanked this week?

For starters, Lehman was six times bigger than the second biggest filing and 10 times bigger than the third. AIG was 60% bigger than Lehman, according to the June 2008 balance sheet on MarketWatch.com.

The amounts are not adjusted for inflation.

1. AIG - $1.04 trillion (if the Feds had let it go)
   
2. Lehman Brothers Holdings Inc., Sept. 15, 2008, $639 billion
3. WorldCom Inc., July 21, 2002, $103.91 billion
4. Enron Corp., Dec. 2, 2001, $63.39 billion
5. Conseco Inc., Dec. 18, 2002, $61.39 billion
6. Texaco Inc., April 12, 1987, $35.89 billion
7. Financial Corp. of America, Sept. 9, 1988, $33.86 billion
8. Refco Inc., Oct. 17, 2005, $33.33 billion
9. Global Crossing Ltd., Jan. 28, 2002, $30.19 billion
10. Pacific Gas and Electric Co., April 6, 2001, $29.77 billion
11. UAL Corp., Dec. 9, 2002, $25.2 billion
12. Delta Air Lines Inc., Sept. 14, 2005, $21.8 billion
13. Adelphia Communications, June 25, 2002, $21.5 billion
14. Mcorp, March 31, 1989, $20.23 billion
15. Mirant Corp., July 14, 2003, $19.42 billion
16. Delphi Corp., Oct. 8, 2005, $16.59 billion

Too big too fail? Is the USA Treasury big enough to do anything about it? I hope to (insert deity) that it is.