Joseph Cassano

Joseph Cassano

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Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Joseph J. "Joe" Cassano is an American insurance executive who was an officer at AIG Financial Products from the division's founding in 1987 until his resignation in February 2008. Cassano is considered a key figure in the Global financial crisis of 2008-2009. Political writer Matt Taibbi nicknamed him "Patient Zero" of the global economic meltdown." In 1987, AIG hired Cassano as one of the first ten people in the Financial Products unit, as Chief Financial Officer. In 1994, Thomas R. Savage appointed Cassano as head of the Transaction Development Group. Cassano accepted the 1998 proposal by J.P. Morgan to package credit-default swaps on Broad Index Secured Trust Offering. Cassano considered these collateralized debt obligations a key event: "It was a watershed event in 1998 when J.P. Morgan came to us, who were somebody we worked with a great deal, and asked us to participate."
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Product details

  • Paperback | 204 pages
  • 152 x 229 x 12mm | 304g
  • United States
  • English
  • 6136603292
  • 9786136603292