>The 61-year-old Hooker, who has short blond hair and was wearing a button-down shirt and a gold chain, was wary but polite and said Cassano was “not available right now” but may be in touch.
Let me get this straight. The Gov. is sueing AIG, a company they defacto own to make them pay back money on tax credits they took that were not legal.( They’re sueing themselves)
That’s just STUPID. They will spend millions to get a JUDGEMENT they will have to pay to THEMSELVES…How DUMB can you be…Once again all the LAWYERS are jerking us out of our money on both ends.
I’ll bet this guys employment contract makes AIG pay for his defense too.
This is a CIRCLE JERK…Just put the guy in jail and let him work his way out. Don’t spend my money on any more Lawyers for no good reason.
His actions cost regular AIG investors so much! Your article begs the question: what was his motive in taking all this risk? surely he was not just plain stupid? Please follow up on this topic.
“Cassano was among a group of traders from investment bank Drexel Burnham Lambert to join AIG and set up the financial products business in 1987 and he took control of the operation in 2001. Drexel Burnham collapsed in 1990 after it was enveloped in a securities scandal related to its dominance of junk bond trading”.
So he helped run DBL out of business with crappy financial instruments and Greenburg hires him to do the same thing at AIG….Mission accomplished! Way to Go Hank!
What was Cassano’s motive? Try $280 million for himself in three years. With his crappy track record at Drexel Burnham Lambert and his help in running that outfit into the ground and being hired at AIG anyway, one wonders if its not all a big scam involving Greenberg and the impostor in the White House. It’s as possible as it is likely.
>The 61-year-old Hooker, who has short blond hair and was wearing a button-down shirt and a gold chain, was wary but polite and said Cassano was “not available right now” but may be in touch.
Just gotta love that little snippet…
Let me get this straight. The Gov. is sueing AIG, a company they defacto own to make them pay back money on tax credits they took that were not legal.( They’re sueing themselves)
That’s just STUPID. They will spend millions to get a JUDGEMENT they will have to pay to THEMSELVES…How DUMB can you be…Once again all the LAWYERS are jerking us out of our money on both ends.
I’ll bet this guys employment contract makes AIG pay for his defense too.
This is a CIRCLE JERK…Just put the guy in jail and let him work his way out. Don’t spend my money on any more Lawyers for no good reason.
His actions cost regular AIG investors so much! Your article begs the question: what was his motive in taking all this risk? surely he was not just plain stupid? Please follow up on this topic.
“Cassano was among a group of traders from investment bank Drexel Burnham Lambert to join AIG and set up the financial products business in 1987 and he took control of the operation in 2001. Drexel Burnham collapsed in 1990 after it was enveloped in a securities scandal related to its dominance of junk bond trading”.
So he helped run DBL out of business with crappy financial instruments and Greenburg hires him to do the same thing at AIG….Mission accomplished! Way to Go Hank!
What was Cassano’s motive? Try $280 million for himself in three years. With his crappy track record at Drexel Burnham Lambert and his help in running that outfit into the ground and being hired at AIG anyway, one wonders if its not all a big scam involving Greenberg and the impostor in the White House. It’s as possible as it is likely.
>one wonders if its not all a big scam involving Greenberg and the impostor in the White House. It’s as possible as it is likely.
Nah, you can’t blame everything on Cheney….