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Location: Oaksterdam, California

Wednesday, October 08, 2008

Dastardly Joe Cassano - Culprit

Tonight Anderson Cooper led with the story that Joseph Cassano is the face responsible behind the failure of AIG.

Countdown until we find out that Cassano contributed to Obama's campaign: 3...2...1...

At first blush, he left the company a while ago. However he could not have operated in a vacuum to drive the company to ruin. Without the deregulation, repeal of the Glass-Steagull Act, AIG could never have over extended themselves to the point of ruin.

He is most likely another asshole who gamed the system, but who the hell wrote the rules of the game? Does Phil Graham, the GOP, John McCain and all those other champions of reduce-taxes-free-market-deregulation ring a bell?

That said, I think Obama's campaign should forward a check equal to that of this asshole's campaign donation to the US treasury.

Just sayin'...