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AIG Sues Bofa For $10 Billion Alleging "Massive Fraud"

Monday, August 8, 2011 - 9:22 AM
NEW YORK (Reuters) - The insurer AIG is suing Bank of America Corp (NYSE:BAC - News) to recover more than $10 billion of losses from a "massive fraud" on mortgage debt, deepening the morass of litigation faced by the largest U.S. bank.
MikeMike327 posts since
Feb 22, 2010
Rep Points: 876
1. Monday, August 8, 2011 - 11:30 AM
Gee, I can't help but exhibit a bit of schadenfreude when the TBTF rats sue each other.
ShorebreakShorebreak2,683 posts since
Apr 6, 2010
Rep Points: 14,546