WSJ report:AIG executives will not face criminal charges

(Stock market today)The examination of Joseph Cassano, who headed the unit of AIG Financial Products in London, concentrated with Andrew Forster and Tom Athan, reported the newspaper in its online edition.

Federal agents suspected that the men had misled investors and auditors AIG exposure of the company's credit default swaps, which were partially linked to mortgages, the paper said, citing anonymous sources familiar with the matter.

AIG Financial Products, such as insurance rather than with other financial institutions as economically disastrous for AIG. When the subprime market imploded, AIG had guaranteed to dozens of billions of dollars into the hands of financial institutions that contracts known as credit default swap with AIG had. These guarantees calls almost brought the company and led to massive government intervention has caused outrage in the population and political control.

The Department of Justice has so far been unsuccessful test had no offense in financial firms amid the financial crisis. In the case of securities fraud in the first and the only Wall Street executives who were for the credit crisis, two former managers of hedge funds of Bear Stearns during the trial after the accused acquitted misleading investors collapsed their funds only.

But the efforts continue. Prosecutors in Manhattan to investigate whether big Wall Street firms misled investors about the complex derivatives linked to mortgages, according to people familiar with the matter said.