âIt is hard for us, without being flippant, to even see a scenario within any kind of realm of reason that would see us losing one dollar in any of those transactions.â â Joseph J. Cassano, a former A.I.G. executive, August 2007 http://www.nytimes.com/2008/09/28/business/28melt.html At the end of A.I.G.âs most recent quarter, the London unitâs losses reached $25 billion.