Featured Stories World News Commentary Money Watch Multimedia Prison Planet U.S. News Science And Technology

The Guy Who Brought Down AIG – and Maybe the World Economy – Gets Off Scott-Free, and Gets to Keep $315 Million in Loot

  • Print The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

Washington’s Blog
April 11, 2010

Jospeh Cassano, the guy who brought down AIG – and maybe the world economy – with trillions in risky derivatives deals which AIG couldn’t back up, is getting prosecuted … and the government will claw back all the money he made, right?

Uh, no.

In reality, Cassano is walking away scott-free with $315 million.

As Cent Uygur points out:

Prosecutors will likely not charge him with fraud. They are not going to try for clawbacks to get some of the money back. In the end, he gets away scott-free. But it’s better than free, he gets to keep all the money he never really made in the first place …

I told you about his $35 million thank you note [his exit bonus] for robbing the place clean. But how about the original robbery? How much did he make for himself from 2000 to 2008 by gambling with the company’s money? Only $280 million.

In the end, he walked away with over $315 million for destroying the company and maybe the whole economy. So, why wouldn’t he do it again? Well, next time it won’t be him. We’re on to him, so he’s going to have spend his retirement on his yacht. It’ll be someone else. It’ll be another Cassano. And we’ll fall for it then as well.

The Guy Who Brought Down AIG   and Maybe the World Economy   Gets Off Scott Free, and Gets to Keep $315 Million in Loot 110310banner1

This article was posted: Sunday, April 11, 2010 at 4:56 am





Infowars.com Videos:

Comment on this article

Comments are closed.

Watch the News

FEATURED VIDEOS
China Warns of Third World War See the rest on the Alex Jones YouTube channel.

Obama Sends 3,000 Troops Into Ebola Danger Zone See the rest on the Alex Jones YouTube channel.

© 2013 PrisonPlanet.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.