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

 
Anonymous Coward
User ID: 526155
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04/11/2010 11:24 AM
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The Guy Who Brought Down AIG – and Maybe the World Economy – Gets Off Scott-Free, and Gets to Keep $315 Million in Loot
The Guy Who Brought Down AIG – and Maybe the World Economy – Gets Off Scott-Free, and Gets to Keep $315 Million in Loot

[link to www.prisonplanet.com]

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.




This man is CURSED. Enjoy the money for the few short years left of your corporeal life dude, cause YOU CAN'T TAKE IT WITH YOU and where you're going they won't look to kindly on you trying.
dance pennywise deadhorse
Jessica6

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04/11/2010 11:39 AM
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Re: The Guy Who Brought Down AIG – and Maybe the World Economy – Gets Off Scott-Free, and Gets to Keep $315 Million in Loot
Sounds like a Mob family name.

And I'm not saying that because it's an Italian name.

Crooks like this never get nailed.

Only a couple of the real crooks at Enron ever saw jail time or even charges - most got off scott free and are living pretty sweet lives. In additon to the 'Raptors' that Skilling and Fastow were convicted of, there was the entire crooked International Division which was responsible for most of the losses that ended up getting covered up. I think we only know about 5% of what went on there.
The urge to save humanity is always a false front for the urge to rule it. - HL Mencken
Anonymous Coward
User ID: 940192
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04/11/2010 11:42 AM
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Re: The Guy Who Brought Down AIG – and Maybe the World Economy – Gets Off Scott-Free, and Gets to Keep $315 Million in Loot
Sounds like a Mob family name.

And I'm not saying that because it's an Italian name.

Crooks like this never get nailed.

Only a couple of the real crooks at Enron ever saw jail time or even charges - most got off scott free and are living pretty sweet lives. In additon to the 'Raptors' that Skilling and Fastow were convicted of, there was the entire crooked International Division which was responsible for most of the losses that ended up getting covered up. I think we only know about 5% of what went on there.
 Quoting: Jessica6





I'll give you 5 to 1 odds that BushCo and/or the CIA was hip deep in Enron.
GraftedPromise
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04/11/2010 12:32 PM
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Re: The Guy Who Brought Down AIG – and Maybe the World Economy – Gets Off Scott-Free, and Gets to Keep $315 Million in Loot
.
... thought you meant Soros ... but $315 million is just peanuts to him ...
.
Anonymous Coward
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04/11/2010 12:35 PM
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Re: The Guy Who Brought Down AIG – and Maybe the World Economy – Gets Off Scott-Free, and Gets to Keep $315 Million in Loot
Cmon Seriously the guy did this all by HIMSELF..That takes some brains and should be rewarded..
Anonymous Coward (OP)
User ID: 526155
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04/11/2010 05:28 PM
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Re: The Guy Who Brought Down AIG – and Maybe the World Economy – Gets Off Scott-Free, and Gets to Keep $315 Million in Loot
Cmon Seriously the guy did this all by HIMSELF..That takes some brains and should be rewarded..
 Quoting: Anonymous Coward 276543

lmao

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