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October 10th, 2008
10:02 AM ET

Culprits of the Collapse – #10 Joe Cassano


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So who is to blame for this financial fiasco?
That’s the question we’ve begun investigating.
We’ve put together a list of the Ten Most Wanted: Culprits of the Collapse.
#10 on our list: AIG's Joe Cassano. CNN's Joe Johns reports

soundoff (8 Responses)
  1. Sharon from Indy

    AIG means alleged investor guilt.

    October 10, 2008 at 9:13 pm |
  2. Glen

    Anderson, Thanks for reporting on this matter.

    It is easy to take shots at highly paid CEOs. And yes they do deserve it. I do hope that CNN will take a similar look at the persons in Congress and the Bush Administration that failed to actions that could have prevented this financial crisis. The warning signs were everywhere. Politicians in both parties were aware of this and were in positions to take appropriate action. Unfortunately, special interests and politics prevailed over leadership.

    Persons in the Democratic party own the Fannie Mae and Freddie Mac mess. Republicans that espoused free market over common sense regulation own much of the Wall Street greed issue.

    The American public deserves to know about the failings of our political leaders in this mess. This is not a Democrat or Republican issue. We need strong unbiased reporting on this matter

    October 10, 2008 at 8:45 pm |
  3. Granangry

    If we seized the assets of all these top guys: Greenberg, Fuld, Cassano, Mozillo and others, we could certainly make a big dent in the $700 bln shortfall that the average joe now has to pick up the tab.

    These guys should have everything EVERYTHING seized and they should be thrown in jail for life. This will also send a message to all the aspiring Ivy League B-school students who may think that committing fraud is okay and will go largely unnoticed..

    October 10, 2008 at 7:20 pm |
  4. PC

    Tim: How in blazes can Barack Obama be blamed for today's fincancial crisis? Barney Frank and Christopher Dodd maybe, but comeon... Barack?!? Mike: If President Bill Clinton is as culpable as you make out, and I would like to see in Congressional and Presidential records your proof of that and not biased news sources like CNN and Fox News, then he too SHOULD be on the list.

    October 10, 2008 at 3:45 pm |
  5. Mike

    Bill Clinton belongs at the TOP of this list! It was his administration that in 1999 pushed Fannie Mae into the sub-prime mortgage business, despite warnings that doing so would eventually force the Feds to provide a big emergency bail out. That dire prediction 9 years ago has become reality.

    October 10, 2008 at 3:01 pm |
  6. Tim James

    #3 and #4 and #5 of your Most Wanted List should be Barack Obama, Barney Frank and Christopher Dodd.

    October 10, 2008 at 1:08 pm |
  7. Gene Brady

    Make them pay. Add to the list all those that encouraged them, like Hannity, Limbaugh, O'Rielly , Coulter, McCain, Gramm and the rest of the republicans. By the way.... Why hasn't Tom Delay gone to court yet?

    October 10, 2008 at 1:08 pm |
  8. John

    McCain says he is back to "fool" us again. John McCain we won't be fooled again! It is no coincidence that every time there is a bank collapse you are always walking out of the room. So take distractions of hate and more empty promises and head back to what ever coral you came from back east.
    Barry Goldwater was right about you John McCain, you are a carpetbagger. So Mavericks hit the dusty trail back to Panama or to one of your dozens of properties and go sit on your hundreds of millions of dollars and in the words of THE WHO.
    John McCain WE WON'T BE FOOLED AGAIN!
    No more cow pies.

    October 10, 2008 at 11:26 am |