on Mar 20th, 2009AIG Credit Swapper Under Investigation
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In simplest terms, reports CBS News correspondent Elizabeth Palmer, Joseph Cassano sold big banks and brokerage firms insurance against their investments dropping in value. Now he, and those deals, are being blamed for AIG’s collapse.
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House passes bill taxing bonuses for AIG, others
WASHINGTON (AP) — Denouncing a ‘’squandering of the people’s money,” lawmakers voted decisively Thursday to impose a 90 percent tax on millions of dollars in employee bonuses paid by troubled insurance giant AIG and other bailed-out companies…. - RSS news feeds and Widgets on Feedzilla.com