joe cassano

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Joe Cassano Behind AIG Mess?

Former AIG executive Joseph Cassano has been keeping a low profile but, as Elizabeth Palmer reports, Cassano may be responsible for the multi-billion dollar financial crisis at this insurance giant.

Tags: Financial, American International Group Inc., MoneyWatch, Insurance, Financial Accounting, Business Operations, Corporate Insurance, Finance, CBS News, CBS Evening News, Elizabeth Palmer, Maggie Rodriguez, AIG, Joe Cassano, Bailout, Bonuses, Financial Crisis

Videos 2009-03-19

Additional Resources

Gunning for AIG's Joe Cassano? Good Luck!

Better late than never. Today's Wall Street Journal reports that the Securities and Exchange Commission and the Department of Justice will take aim at former American International Group Financial Products boss Joseph Cassano. "Federal prosecutors, capping an 18-month investigation, are preparing to impanel a grand jury in...

Tags: American International Group Inc., Fraud, Litigation, Business Operations, Ed Leefeldt

Blog posts 2009-09-11

ABC: FBI and Prosecutors 'Closing In' on AIG's Cassano

Paul Kedrosky submits: I have no idea what "closing in" means when you know someone's name and where they live and what they did, but ABC News has a story out saying that the Feds are closing in on AIG Financial Products' ex-honcho Joe Cassano. Maybe that means they...

Tags: Financial, Paul Kedrosky, American International Group Inc.

External links 2009-03-31

American International Group Q2 2007 Earnings Call Transcript

Question-and-Answer SessionOperator Your first question comes from Josh Shanker - Citigroup. Josh Shanker - Citigroup I hate to start off with a question on the mortgage space, but I'm sure I'm not the only one. My first question regards AIG Financial Products. I am trying...

Tags: American International Group Inc.

Earnings calls 2007-08-09

AIG: Nothin' from Nothin' Leaves Nothin'

Research Recap submits: Suggestions today that AIG’s equity value may be zero should come as no surprise to anyone who has read Michel Lewis’s account in Vanity Fair of how the firm’s Financial Products group dug itself such a big hole. Lewis skewers former FP group head Joe...

Tags: Financial, Research Recap, American International Group Inc.

External links 2009-07-10

AIG: The Optimistic View from Croatia

The newest CEO of American International Group, Robert Benmosche is vacationing in Croatia where he owns a "breathtaking" million-dollar villa. But that didn't stop him from hyping his new company and boosting its stock price, perhaps a bit more than he should have. Benmosche told Bloomberg News...

Tags: American International Group Inc., Insurance, Investment, Business Operations, Corporate Insurance, Finance, Ed Leefeldt

Blog posts 2009-08-21