Former AIG executive Joseph Cassano, who ran the company’s financial products division, is facing a federal investigation into whether he “misled auditors and investors” about the mortgage company’s finances. AIG terminated Cassano’s contract the day before the company went before a congressional panel in October. At the hearing, legislators pointed to the activities of Cassano, who made $280 million during his eight years at AIG, as a major factor in the company’s collapse. (Washington Post)
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=172864