Is Anybody Listening? | A Testament by Village Academy High School Students…….

Who is not listening?

The “best and brightest” on Wall Street and in the Treasury Department.  Again, from Matt Taibbi’s article:

The following February, when AIG posted $11.5 billion in annual losses, it announced the resignation of Cassano as head of AIGFP, saying an auditor had found a “material weakness” in the CDS portfolio. But amazingly, the company not only allowed Cassano to keep $34 million in bonuses, it kept him on as a consultant for $1 million a month. In fact, Cassano remained on the payroll and kept collecting his monthly million through the end of September 2008, even after taxpayers had been forced to hand AIG $85 billion to patch up his fuck-ups. When asked in October why the company still retained Cassano at his $1 million-a-month rate despite his role in the probable downfall of Western civilization, CEO Martin Sullivan told Congress with a straight face that AIG wanted to “retain the 20-year knowledge that Mr. Cassano had.” (Cassano, who is apparently hiding out in his lavish town house near Harrods in London, could not be reached for comment.)

Published by

bibo

After successfully crash landing in the Pacific Northwest, Bibo decided to take advantage of the low interest rates and gamble on the Seattle housing market. The god monster with some intelligence now resides somewhere in North Seattle.