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By John McAfee
Independent voices from the The Washington Times Communities
Topic - Joseph Cassano
The 23-year-old son of New York City's fire commissioner has been forced to issue an apology after tweets he sent out professed a personal dislike for Jewish people — in much the same way Hitler did.
Joseph Cassano, who led AIG from 2002 to 2008, is expected to tell a special panel Wednesday that he did his "very best" to estimate the losses accurately ahead of the financial crisis, according to prepared testimony. AIG received $182 billion in bailout money.
A former top executive of American International Group, Inc. has acknowledged that his division more than tripled the amount of risky investments it insured in the three years leading up to the 2008 financial meltdown.
Day, the younger Mr. Cassano tweeted, The Post reports: "MLK could go kick rocks for all I care, but thanks for the time and a half today."
In his first public comments since the crisis, Mr. Cassano told the Financial Crisis Inquiry Commission, a bipartisan panel created by Congress, that the company never diluted its underwriting standards "at any point in time."