TPM:
Investigators are starting to zero in on the crucial issue of how much access AIG's risk control team had to Joe Cassano's deals.
Earlier this week, we wrote about a December 2007 presentation in which AIG execs assured investors that the firm's risk control officers looked closely at the credit default swaps made by Cassano's financial products unit. But as we noted, those assurances were contradicted last month by AIG CEO Ed Liddy, who told Congress that Cassano limited the access of the risk control team to his unit. And there's additional evidence (sub. req.) supporting Liddy's claim.
And now it looks like one Democratic lawmaker is picking up on that same discrepancy.
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