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.
