Colbert: Financial Moguls Entering Beauty Pageants for $10

When all you can do is laugh it off...

A Diagram depicting what would have occurred if AIG 

was left to fail...

[Nuclear Fission, aka Chain Reaction]

1 a : a series of events so related to each other that each one initiates the next b : a number of events triggered by the same initial event
2 : a self-sustaining chemical or nuclear reaction yielding energy or products that cause further reactions of the same kind 
- chain-re·act  /'chAn-rE-'akt/ intransitive verb

Source: Merriam-Webster Dictionary

AIG's reach was far and wide. If any firm was too big to fail, it was them. Moral Hazard can wait for another day.