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AIG Gets Away With It

AIG Gets Away With It

Courtesy of JESSE’S CAFÉ AMÉRICAIN

Do you think the paper shredders and ‘delete keys’ were working overtime?

Do you think the Justice Department was highly motivated to nail the guy who could probably implicate the biggest of the TBTF banks and their enablers in the government?

Do you think the American President was just playing you when he said, "I did not run for office to be helping out a bunch of fat cat bankers on Wall Street."

Do you think Joe knows where a lot of the bodies are buried – on Wall Street and in London and Washington?

Do you think it pays to be a ‘Friend of Lloyd’ and a feeder source of campaign contributions to most of the Congress?

Do you think the people are just itching to vote out every incumbent in November?

Do you think the spineless lack of serious investigation and reform is setting the US up again for another, even bigger, fianncial scandal and crisis?

You might be right.

CBS News
No Criminal Charges Likely in AIG Collapse
By Armen Keteyian 
April 2, 2010 6:43 PM

CBS NEWS has learned that former AIG executive Joseph Cassano – the prime focus of the investigation into its collapse – will meet with Department of Justice attorneys next week in what will likely be an end to the two year criminal investigation into the company.

Sources tell CBS News that the criminal case against Cassano – once called "the Man who Crashed the World" – has "hit a brick wall" – meaning that it is likely no one will be held criminally liable for the downfall of the company that triggered a $182 billion dollar federal bailout.

Sources tell CBS News federal investigators have been unable to uncover any evidence that Cassano lied to his bosses or shareholders about financial problems at AIG.

In recent months, Cassano’s lawyers – citing internal documents – argued that he never broke the law. Instead, he simply got caught up in a financial tsunami that engulfed Wall Street


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