Tag Joseph Cassano

Michael Lewis profiles Joseph Cassano of AIG Financial Products, whose arrogance, stupidity, and greed directly led to the destruction of AIG and the cratering of the world financial system. That’s not an exaggeration.

The feds are focusing on Joseph Cassano and others “focusing on a discrepancy between public statements of likely losses and the reality” Cassano lost hundreds of millions for AIG with his misguided trading, something which was directly responsible for the…

Joseph Cassano bankrupted AIG. Yes, that’s right, he bankrupted it. Reports are the FBI is close to filing charges against him. I expect he’ll become as detested as Madoff.