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.

April 2 (Bloomberg) -- American International Group Inc. Chief Executive Officer Robert Benmosche said the insurer is becoming less reliant on U.S. ai...

March 12 (Bloomberg) -- American International Group Inc.'s effort to reach its commitment of $45 million in bonus concessions are focusing on former ...

I'd date the end of trust from March 14. That's because every key player in Washington involved with the bailouts knew the AIG bonuses were coming down the pike but none dared tell the public.

...but behind closed doors, employees at AIG's Financial Products division -- the very unit whose trading had hastened the insurance giant's collapse ...

AIG may have lost $8.87 billion last quarter -- and may be in need of another federal cash infusion -- but some of the company's top executives are se...

Feb. 22 (Bloomberg) -- American International Group Inc., the troubled financial firm that threatened to bring down the U.S. economy, is showing stabl...

NEW YORK — Bonus payments totaling $100 million to AIG employees from the same unit that prompted a massive taxpayer bailout are "outrageous" bu...

After AIG announced its plans to pay $100 million in expedited bonuses this year, Treasury Secretary Tim Geithner criticized the payouts as "outrageo...

NEW YORK — American International Group Inc. is set to pay out about $100 million in a fresh round of bonuses to employees of its financial prod...

Most employees currently at the financial-products unit of American International Group Inc. have indicated they will accept cuts in a batch of March ...

There are certain basic things that the investor must realize today. In the first place, he must recognize the weakness of his individual position... ...

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...

Five top AIG execs are threatening to resign if their pay is slashed significantly by Obama's pay czar, the Wall Street Journal reports today. The ...

This is a story about what happens when populist outrage flares white-hot and then quickly fades away. Last spring, thousands of angry protesters s...

Yes, a quick round of applause for Feinberg for cutting our financial wards' CEO pay. But hold off on the standing ovation; the Obama era does not need a "Mission Accomplished" moment.

The American people have been eager to understand how the government failed to prevent bonus payments from going out the door -- payments that were paid out with their taxpayer dollars.

AIG paid retention bonuses totaling more than $168 million to a wide array of employees in its financial products unit, including an assistant in a ki...

I'm expressing my shareholder outrage at the behavior of AIG's top executives, who now want raises. President Obama's compensation czar needs to take a ruler to these executives' knuckles.

Unfortunately, the administration doesn't have the moxie to go after the most outrageous salaries and bonuses that are about to flow.

The incentives to make big bets and take big risks has survived, but without the accountability. Today, the US Treasury and the Fed are trying to hold the pieces together. But why?