Ronald Shelp Says Blame at AIG `Can Be Spread Around': Video
June 30 (Bloomberg) -- Ronald Shelp, former executive in charge of government relations and international affairs at American International Group Inc., talks with Bloomberg Mark Crumpton and Julie Hyman about former AIG executive Joseph Cassano's testimony today before the Financial Crisis Inquiry Commission in Washington. Cassano, whose derivative bets on subprime loans forced AIG into a U.S. bailout, defended the deals while the insurer’s chief risk officer said the firm was “wrong” on the trades. (Source: Bloomberg)
Ronald Shelp, former executive in charge of government relations and international affairs at American International Group Inc., talks with Bloomberg Mark Crumpton and Julie Hyman about former AIG executive Joseph Cassano's testimony today before the Financial Crisis Inquiry Commission in Washington.
Cassano, whose derivative bets on subprime loans forced AIG into a U.S. bailout, defended the deals while the insurer’s chief risk officer said the firm was “wrong” on the trades. (Source: Bloomberg)
Running time 04:03
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