Joseph J. Cassano

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“It is hard for us, without being flippant, to even see a scenario within any kind of realm of reason that would see us losing one dollar in any of those transactions.”

— Joseph J. Cassano, a former A.I.G. executive, August 2007

http://www.nytimes.com/2008/09/28/business/28melt.html

At the end of A.I.G.’s most recent quarter, the London unit’s losses reached $25 billion.
 

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