Saturday, September 27, 2008

Great quotes...

“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 one dollar in any of those transactions.” - Joseph J. Cassano, (former A.I.G. executive in charge of AIG Financial Products) in August 2007. Read it and weep... Problems that originated in the 377-person London unit he ran contributed to the fall of the "... seemingly sturdy insurer with a trillion-dollar balance sheet, 116,000 employees and operations in 130 countries..." (AIG)

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