Financial Crisis Inquiry Commission Testimony
- The Financial Crisis Inquiry Comission will examine Goldman-AIG ties today. We will be covering the testimony here live from the hearing room.by ReutersSteve via twitter edited by Katharine Herrup 6/30/2010 6:12:51 PM
- AIG's Casano stands by 'no losses' proclamation bit.lyby reuterssteve via twitter 6/30/2010 1:27:37 PM
- Cassano: "My job is not to trust Goldman Sachs's numbers, but to verify."by reuterssteve via twitter 6/30/2010 5:10:30 PM
- Cassano says AIG never tried to hedge exposure by getting offsetting contracts in market
- Cassano: AIG's troubles were not caused by risk management problems but liquidity issues
- Cassano: if AIG had enforced contracts during the crisis, taxpayers wouldn't have been on the hook to pay back counterparties so quicklyby ReutersSteve via twitter 6/30/2010 5:55:53 PM
- Cassano says he wishes he could have stayed on to help AIG through crisisby reuterssteve via twitter 6/30/2010 5:57:10 PM
- Former AIG CEO Sullivan, who left firm in June 2008, has repeatedly said his departure pre-dated some of the most dramatic events of crisisby ReutersSteve via twitter 6/30/2010 5:59:41 PM
- Cassano says he regrets that he didn't stay on to help AIG negotiate with counterpartiesby reuterssteve via twitter 6/30/2010 6:11:02 PM
- Cassano says he would have been able to negotiate "substantial discounts"
- Cassano: Other people have overstated losses associated with AIG portfolios
- Cassano: I could have gotten a better deal for the taxpayersby reuterssteve via twitter 6/30/2010 6:16:53 PM
- Cassano: I would have "negotiated a much better deal for the taxpayer than what the taxpayer got"
- Cassano says he doesn't know what Goldman was thinking on the other side of transactionsby ReutersSteve via twitter 6/30/2010 6:34:12 PM
- Cassano's time on the stand is winding down after more than 2.5 hoursby ReutersSteve via twitter 6/30/2010 7:07:19 PM
- Former AIG CEO Sullivan: Cassano had to go in 2008 because "we needed to push through changes in AIGFP"by ReutersSteve via twitter 6/30/2010 7:08:57 PM
- "You were a one man army in an invasion of huns wanting collateral," panel member Douglas Holtz-Eakin said sarcasticallyby ReutersSteve via twitter 6/30/2010 7:12:07 PM
- Goldman's Gary Cohn is about to testifyby reuterssteve via twitter 6/30/2010 7:33:21 PM
- Goldman's Cohn says he is sorry that Goldman angered the commission by giving it 2.5 billion pages of digital recordsby reuterssteve via twitter 6/30/2010 7:44:17 PM
- Goldman's Cohn says his firm didn't bet against clients and lost $1.2 billion in its residential mortgage-related bizby reuterssteve via twitter 6/30/2010 7:45:51 PM
- Angelides: I'm trying to understand who built this bombby reuterssteve via twitter 6/30/2010 7:52:06 PM
- Gary Cohn says Goldman isn't that smart that it can anticipate what people want, raising eyebrows on the panelby ReutersSteve via twitter 6/30/2010 8:10:15 PM
- Goldman Chief Risk Officer Craig Broderick: "Warren Buffett is a very wise person"by ReutersSteve via twitter 6/30/2010 8:39:22 PM
- Cohn says Goldman didn't ask for money from government as AIG counterparyby reuterssteve via twitter 6/30/2010 9:11:05 PM
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