Admin on Mar 20th, 2009AIG Credit Swapper Under Investigation
More info…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, othersWASHINGTON [...]
Admin on Dec 3rd, 2008Former NC insurance chief in intensive care (The Charlotte Observer)
More info…Former state Insurance Commissioner Jim Long was in intensive care Friday at a Raleigh hospital after suffering a serious stroke, hospital officials said. Rex Hospital spokeswoman Melody Hunter-Pillion said Long remains hospitalized after collapsing Wednesday afternoon outside a lawmaker’s office at the Legislative Office Building. Current commissioner Wayne Goodwin said then that Long could [...]