Liveblog: Cassano: Never diluted our underwriting standards

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Representatives from AIG are asserting good faith and denying that credit default swaps (CDSs)
or over-the-counter derivatives were ever sold without due diligence or with lower
underwriting standards.

Cassano especially is maintaining that the financial instruments are
performing well now under vehicles operated by the federal government.
Phil Angelides, the Chairman conducting questioning right now, is

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