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Economy: AIG Collapse #938300

NBC Evening News for Friday, Mar 20, 2009
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(Studio: Natalie Morales) Report introduced.

(Washington: Tom Costello) The problems in AIG’s London office that led to the collapse of the insurance giant examined; details given about the role of London chief Joseph Cassano††; AIG’s losses cited. [“House of Cards” investigative author William COHAN†- comments on Cassano’s risky practices.] [Northwestern University Kellogg School of Management Russell WALKER†- says AIG didn’t understand anything about the origination of the loans.] [Former AIG CEO Hank GREENBERG††- says there were some foolish management decisions.] [Wednesday, current AIG CEO Edward LIDDY†- says the people responsible for credit default swaps are gone.]

Reporter(s):
Morales, Natalie;
Costello, Tom
Duration:
00:02:50

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