Tuesday, April 06, 2010

Report: AIG Probe Likely Wrapping Up Without Criminal Charges

TPM:



The federal probe into the circumstances that triggered the near-collapse of AIG in 2008 has "hit a brick wall," unnamed sources have told CBS News.

Joe Cassano, the AIG exec at the center of the probe, will sit down next week with DOJ lawyers, in what will likely bring an end to the investigation. Cassano is former head of AIG Financial Products, the unit of the company responsible for the disastrous credit-default swaps that led to the firm being bailed out to the tune of $180 billion.
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