The Wall Street Journal is reporting AIG owes firms up to $10 billion because of bad trades with CDOs, Corporate Debt, Commercial Real-estate and other derivatives. The company owes money to Goldman Sachs because Abacus (a Collateralized Debt Obligation developed by Goldman) has fallen in value. The amount is not disclosed but it is likely a significantly portion of the total amount owed. AIG is now trying to raise money to repay the bets and the $10 billion is not covered by the Feds $150 bailout that AIG has to also repay.