Free Fall of the Dow Jones Industrial Average!!

As we all see the Dow Jones Industrial Average plummet in front of our eyes searching for gravity (6763), the question that comes to my mind is, how did we make it to 14000 just over a year ago, precisely October 2007. What was AIG doing over so many years? a loss of over $60 Billion. I do understand that they lost a lot of money is CDS and insuring NINJA (No income, no job, no asset) loans, but this purely displays incompetent management. The list goes on.. according to me, the Dow Jones Industrial Average needs to replace AIG, GM… and more.