AIG Gets Away With It

What a surprise. CBS News is reporting there will be no criminal charges against AIG.

CBS NEWS has learned that former AIG executive Joseph Cassano - the prime focus of the investigation into its collapse - will meet with Department of Justice attorneys next week in what will likely be an end to the two year criminal investigation into the company.

Feds Closing in on AIG Financial Products Executive for Criminal Charges

Well, a small piece of good news from ABC:

The FBI and federal prosecutors are reportedly closing in on the AIG executive whose suspect investments cost the insurance giant hundreds of billions of dollars. The government is investigating whether or not 54-year old Brooklyn-native Joseph Cassano committed criminal fraud in virtually bankrupting the company

Not as exciting as Machine gun Kelly and shoot outs from the 1930's, instead assuredly the FBI and others are pouring over spread sheets, bank accounts, wire transfers and internal memos, but the idea of kidnapping an entire industry instead of a family is far more devestating!

Here's the real scam:

Cassano Kept Transactions Out of Sight of Regulators