Goldman Sachs 'Most Aggressive' In Demanding Cash From AIG
Goldman Sachs was the "most aggressive" financial firm to demand cash from AIG on what it viewed as souring deals during the financial crisis, the hea...
Goldman Sachs was the "most aggressive" financial firm to demand cash from AIG on what it viewed as souring deals during the financial crisis, the hea...
HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011
The former head of the AIG derivatives unit accused of exacerbating the global financial crisis blamed the firm's auditors -- rather than his unit -- ...
Cenk Uygur | Posted 05.25.2011
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.
CBS News | Armen Keteyian | Posted 05.25.2011
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 ...
AP | TOM KRISHER | Posted 05.25.2011
The Justice Department has decided not to file criminal charges against the former head of a division at American International Group Inc. whose deali...
bloomberg.com | Joshua Gallu and Hugh Son | Posted 05.25.2011
Feb. 24 (Bloomberg) -- American International Group Inc.'s derivatives unit, which brought the firm to the brink of failure with bets on mortgages, wa...
washingtonpost.com | Brady Dennis | Posted 05.25.2011
The Cassano-Habayeb correspondence, along with thousands of other e-mails obtained by The Washington Post, as well as supporting interviews, reveal a ...
Posted 05.25.2011
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...
Posted 05.25.2011
UPDATE: AIG's Joseph Cassano is BACK in U.S. soil. Check out info on his "surprisingly modest" home here. Absence makes the heart grow fonder. Well...
wsj.com | AMIR EFRATI and SUSAN PULLIAM | Posted 05.25.2011
Federal prosecutors, capping an 18-month investigation, are preparing to impanel a grand jury in Brooklyn, N.Y., to consider an indictment of a former...
Posted 05.25.2011
Oh, how wrong they were. If there's one overarching truth of the financial crisis, it's that the world's most powerful business leaders, investors and...
Arianna Huffington | Posted 05.25.2011
In 2003, when I wrote Pigs at the Trough, America's corporate crooks were largely playing with shareholders' money. The new batch of Pigs I cover in the just-released updated version is playing with taxpayer money -- trillions of it.
vanityfair.com | Michael Lewis | Posted 05.25.2011
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....
CBS News | Posted 05.25.2011
(CBS) A $5 million Connecticut mansion. A $4 million London townhouse. A $7 million English estate. The houses are owned by three men CBS News has le...
Jane Hamsher | Posted 05.25.2011
American taxpayers now own 80% of AIG. They'll be paying back the government, and paying off the bonuses, with our money. There is no reason to be tiptoeing around these people.
ABC News | JAY SHAYLOR, LAUREN PEARLE and TINA BABAROVIC | Posted 05.25.2011
Ground zero for AIG's spectacular implosion, which has soaked up more federal bailout money than any other entity, appears to have been a small London...
HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011