Joseph Cassano

The Man Who Crashed the World in Vanity Fair

As we’ve discussed before, AIG‘s little hidden hedge fund, Financial Products Group, not only took down the world’s largest insurance company, it had a huge hand in the global meltdown last fall.  While some of AIG’s counter-parties came out pretty unscathed (Goldman Sachs), the rest of the financial complex surely did not. While there were…

Joseph Cassano: Peekaboo!

Peekaboo!   “It is hard for us, and without being flippant, to even see a scenario within any kind of realm of reason that would see us losing $1 in any of those transactions,” – Joseph Cassano, Head of AIG Financial Products, August 2007 This may be the most important and prescient quote you could…