The man blamed for bringing world's biggest insurer to brink of ruin

[burythehatchet]

http://fpn.advisen.com/fpnHomepagep.shtml?resource_id=831763811535747754#top

PEERING from the doorway of his 6million London home, this is the financier blamed for taking one of the world's biggest insurers to the brink of disaster.

Joe Cassano was the president of a subsidiary of AIG that 'lost' 5.5billion earlier this year, setting the insurer on a path to bankruptcy.

And today The Mail on Sunday can reveal that the dealings that brought it to the edge of collapse were done in London.

Last week, AIG was effectively nationalised with an 48billion loan from the US Federal Reserve to avert a collapse that would have triggered unimaginable consequences on the world's financial markets.

[madrchsod]

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