AIG to Sue Bank of America for $10 Billion in Mortgage Losses

Monday, August 08, 2011

In an exclusive story in The New York Times this morning, Wall Street and finance reporter Louise Story writes that the behemoth insurance company American International Group Inc. is going to sue Bank of America, claiming the banking institution provided false information on mortgage bonds to AIG and ratings agencies, which lead to losses of more than $10 billion.


Louise Story

Produced by:

Duncan Wilson

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