Joseph Cassano Net Worth

Morgan to package credit default swaps on Broad Index Secured Trust Offering. He sold CDSs in the hundreds of billions without putting up any collateral. While with AIG Cassano made $315 million including $280 million in cash and $34 in bonuses. As of September 2008 he was still receiving monthly million dollar payments after the taxpayers had to give AIG $85 billion. Regulators were investigations Cassano’s dealings. In 2009 he was linked to e-mails that solicited contributions from AIG executives for Senator Chris Dodd’s campaign. Cassano resigned from AIG Financial Products in February 2008.