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Cassano Blames Bailout For AIG Derivative Losses

By Jessica Dye (June 30, 2010, 12:27 PM EDT) -- In his first public testimony since his former employer's collapse, Joseph Cassano, ex-CEO of American International Group Inc.'s financial products unit, said Wednesday that AIG's massive losses on its credit default swap portfolio would have been far less had the government not stepped in to unwind the trades....

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