Talk:Joseph Cassano

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Untitled[edit]

I think this article should include reference to this quote (but I don't have what it takes to include it myself):

he announced to investors on a conference call that "it is hard for us, without being flippant, to even see a scenario within any kind of realm of reason that would see us losing $1 in any of those transactions."

I found the above quote here: http://www.rollingstone.com/politics/story/26793903/the_big_takeover/5

in the following paragraph:

By the fall of 2007, it was evident that AIGFP's portfolio had turned poisonous, but like every good Wall Street huckster, Cassano schemed to keep his insane, Earth-swallowing gamble hidden from public view. That August, balls bulging, he announced to investors on a conference call that "it is hard for us, without being flippant, to even see a scenario within any kind of realm of reason that would see us losing $1 in any of those transactions." As he spoke, his CDS portfolio was racking up $352 million in losses. When the growing credit crunch prompted senior AIG executives to re-examine its liabilities, a company accountant named Joseph St. Denis became "gravely concerned" about the CDS deals and their potential for mass destruction. Cassano responded by personally forcing the poor sap out of the firm, telling him he was "deliberately excluded" from the financial review for fear that he might "pollute the process."

Raymm (talk) 18:31, 23 March 2009 (UTC)[reply]

I have corrected the Matt Taibbi quote. If it's inappropriate to put here then it needs to be removed but if you're going to quote an article you can't just insert words where Taibbi says "the probable downfall of civilization" in order to make it palatable, because that's morally wrong. 69.134.206.104 (talk) 06:39, 6 September 2010 (UTC)[reply]

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