Liam Plevin and Aaron Luchetti of the Wall Street Journal have been kind enough to analyze just how much we taxpayers are going to pay Wall Street investment banks to help break up the taxpayer-owned black hole known as AIG.

Answer?

$1 Billion.

Sure, $1 billion sounds like chicken feed these days, but it's actually a lot when it comes to investment-banking fees. 

The total underwriting fees on the forthcoming Ancestry.com IPO, for example, will total about $10 million. The $1 billion of AIG fees will also be 4X the fees Wall Street was paid to break up AT&T and 2X the fees paid on VISA's IPO.

So who's cashing in?

Among the biggest beneficiaries is Morgan Stanley, which...could collect as much as $250 million from...