Sorry, Hank. You got screwed. But by Joe Cassano - NOT by the Government. At least not in the AIG bailout. In the case of you versus Elliot Spitzer, one might argue that you got a raw deal - but you must accept some culpability for that since you sorta kinda challenged The Spitz to a proverbial duel when you clearly were breaking the law which it must be said, wasn't a terribly clever thing to do (the duel thing) if you'd wanted to keep your seat at the table. After all, on your watch, AIG got caught manipulating earnings, changing the characterization of your earnings, helping others "manage" their earnings, participating in reinsurance bid-rigging. Ignorance is hard to argue given your legendary reputation for knowing everything about everything that went on at your company including anyone who sold a share of your stock...MOREI would not like to get on Cassandra's bad side.
The girl can write.
See also MarketBeat:
Markets Hub: Wait, AIG’s Thinking of Suing Who?
