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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?


To: rich evans who wrote (105294)3/1/2009 11:26:02 PM
From: Sam  Respond to of 541009
 
Yes, but what is really amazing is that it seems to have been one division of the company. A division that wasn't even part of AIG's traditional core. That is probably why Greenberg was so astonished at what happened to them last year. Cut out Cassano's London division, and the company would be still healthy. Of course, Cassano couldn't have done what he did at the scale he did it without AIG's Triple A rating and reputation.

Amazing.