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Aig Financial Products

Shahien Nasiripour

AIG's Derivatives Unit Under Fire For Alleged Risk Failures | Shahien Nasiripour | Posted 06.12.2013 | Business

AIG Financial Products, the derivatives unit that nearly toppled the insurance company in 2008, is under fresh scrutiny after regulators alleged it ma...

A Banker Can't Get Arrested in This Town

Richard (RJ) Eskow | Posted 05.25.2011 | Business
Richard (RJ) Eskow

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?

Shahien Nasiripour

Joseph Cassano, Ex-AIG Exec Says He Was Truthful About Losses | Shahien Nasiripour | Posted 05.25.2011 | Business

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

Capitalism's Achilles Heel: The Cassano Loophole

Cenk Uygur | Posted 05.25.2011 | Business
Cenk Uygur

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.

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

CBS News | Armen Keteyian | Posted 05.25.2011 | Business

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 ...

Peter Hancock: AIG Hires 'Architect' Of Derivatives Market To Oversee Risk At Troubled Unit | Hugh Son and Jamie McGee | Posted 05.25.2011 | Business

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

AIG Internal Emails: Insurers Correspondence Details Confusion During Crisis | Brady Dennis | Posted 05.25.2011 | Business

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

AIG Executives Kept Bonuses They Promised To Return, Feinberg Says | Hugh Son | Posted 05.25.2011 | Business

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...

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

Posted 05.25.2011 | Business

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...

Michael Lewis On The Man Who Brought Down AIG | Michael Lewis | Posted 05.25.2011 | Business

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....

Brand Extension -- What Wall Street Borrowed From Madison Avenue

Harry Shearer | Posted 05.25.2011 | Business
Harry Shearer

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.

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

Reuters | Posted 05.25.2011 | Business

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...