Aig Financial Products

A Banker Can't Get Arrested in This Town

Richard (RJ) Eskow | Posted 05.25.2011

Read More: AIG Financial Products, Curbing Wall Street, Goldman Sachs, Interagency Financial Fraud Task Force, Martha Stewart, Dell, Aig, Barack Obama, Business News

As we look back on the last two years of Wall Street misbehavior it seems reasonable to ask the question: What's a banker gotta do to get arrested in this town?

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Joseph Cassano, Ex-AIG Exec Says He Was Truthful About Losses

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: AIG Financial Products, Goldman Sachs, Joseph Cassano, Financial Crisis Inquiry Commission, Derivatives, Aig, Financial Crisis, Credit Default Swaps, Fcic, Video, Business News

The former head of the AIG derivatives unit accused of exacerbating the global financial crisis blamed the firm's auditors -- rather than his unit -- ...

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Capitalism's Achilles Heel: The Cassano Loophole

Cenk Uygur | Posted 05.25.2011

Read More: AIG Financial Products, Joseph Cassano, Bankruptcy, Bailout, Aig Bonuses, Aig, Alan Greenspan, Bonuses, Capitalism, Wall Street Bonuses, Business News

Jospeh Cassano was the head of AIG's Financial Products Unit. They are the ones that made about a trillion dollars worth of bets in credit default swaps. They lost. Except because of the Cassano loophole, they won.

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Cassano, AIG Exec, Likely WON'T Face Criminal Charges

CBS News | Armen Keteyian | Posted 05.25.2011

Read More: AIG Financial Products, CBS News, Aig, Joseph Cassano, Department of Justice, Business News

Sources tell CBS News that the criminal case against Cassano - once called "the Man who Crashed the World" - has "hit a brick wall" - meaning that it ...

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Peter Hancock: AIG Hires 'Architect' Of Derivatives Market To Oversee Risk At Troubled Unit

bloomberg.com | Hugh Son and Jamie McGee | Posted 05.25.2011

Read More: AIG Financial Products, JPMorgan Chase, $AIG, Derivatives, Peter Hancock, Aig, American International Group, Business News

Feb. 8 (Bloomberg) -- American International Group Inc. named Peter Hancock, described by a former employer as an "architect" of the derivatives busin...

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AIG Executives Kept Bonuses They Promised To Return, Feinberg Says

Bloomberg.com | Hugh Son | Posted 05.25.2011

Read More: AIG Financial Products, Executive Pay, Bailoug, Aig Bonuses, Economic Crisis, AIG Bailout, Aig, Financial Crisis, AIG's Financial Products Unit, Pay Czar, Bonuses, Executive Compensation, Kenneth Feinberg, Business News

Four of five managers in AIG's Financial Products unit that are under the jurisdiction of pay master Kenneth Feinberg didn't make good on pledges to r...

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AIG Internal Emails: Insurers Correspondence Details Confusion During Crisis

washingtonpost.com | Brady Dennis | Posted 05.25.2011

Read More: AIG Financial Products, Joseph Cassano, Derivatives, AIG FP, Aig, Washington Post, American International Group, Internal Emails, Elias-Habayeb, London, Wilton Connecticut, Business News

The Cassano-Habayeb correspondence, along with thousands of other e-mails obtained by The Washington Post, as well as supporting interviews, reveal a ...

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AIG's Joseph Cassano In Westport, CT: BACK On U.S. Soil

Posted 05.25.2011

Read More: AIG Financial Products, Westport, Ellen Hooker, Joseph Cassano, Connecticut, Aig, American International Group, Business News

The former AIG exec dubbed "The Man Who Crashed The World" by Vanity Fair is back in the U.S. Reuters broke the news that Joseph Cassano, the form...

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Michael Lewis On The Man Who Brought Down AIG

vanityfair.com | Michael Lewis | Posted 05.25.2011

Read More: AIG Financial Products, Aig, Joseph Cassano, Vanity Fair, Hank Greenberg, AIG Bailout, Financial Crisis, Michael Lewis, Business News

Almost a year after A.I.G.'s collapse, despite a tidal wave of outrage, there still has been no clear explanation of what toppled the insurance giant....

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Brand Extension -- What Wall Street Borrowed From Madison Avenue

Harry Shearer | Posted 05.25.2011

Read More: AIG Financial Products, Aig, Economic Meltdown, Brand Extensions, Business News

All Joe Cassano was doing was brand extension, with a twist -- he took not only the equity of the AIG name, but the credit rating that went with it.

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AIG Execs In Europe Resist Returning Bonuses, Cite "Blackmail"

Reuters | Posted 05.25.2011

Read More: AIG Financial Products, AIG Execs in Europe, AIG Execs, Gerald Pasciucco, AIG Europe, Business News

NEW YORK (Reuters) - AIG executives in Europe are adamant they should not have to return their controversial bonuses and some feel that pressure on th...

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