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View Full Version : AIG sues Bank of America for $10B over mortgages



pphilfran
8/8/2011, 11:04 AM
LOL

http://www.aolnews.com/story/aig-sues-bank-of-america-for-10b-over/1897675/

NEW YORK -Insurer AIG wants more than $10 billion from Bank of America, saying the bank cheated it by selling it overvalued mortgage-backed securities.

American International Group Inc. filed suit Monday in New York State's Supreme Court.

Bank of America Corp. denies the allegations, saying AIG "recklessly" chased investments with high returns, and was big and sophisticated enough to know the risks.

Banks have been hit by a series of suits over misrepresentations related to the securities. In June, Bank of America agreed to pay $8.5 billion to a group of investors for selling them poor-quality mortgage securities.

Position Limit
8/8/2011, 11:22 AM
is this a great country or what? why are they not going after goldman? hmmmmmmm....

sappstuf
8/8/2011, 11:24 AM
That's it.. I'm suing GM for selling me an overvalued Volt...

pphilfran
8/8/2011, 11:31 AM
That's it.. I'm suing GM for selling me an overvalued Volt...

gawd damn...you and your sorry azz Volt....I wished they would have never built the sum beech....I wouldn't have to hear all of your belly aching....

pphilfran
8/8/2011, 11:31 AM
is this a great country or what? why are they not going after goldman? hmmmmmmm....

Damn sure is...

sappstuf
8/8/2011, 11:55 AM
gawd damn...you and your sorry azz Volt....I wished they would have never built the sum beech....I wouldn't have to hear all of your belly aching....

I'll trade for your porsche straight up... ;)

badger
8/8/2011, 04:38 PM
Dude, you have Volt? Do tell all of your Volt woes, brave one, questing out on the electrical car market before it becomes mainstream :)

StoopTroup
8/8/2011, 05:03 PM
I'll trade for your porsche straight up... ;)

You should be able to afford a Porsche after saving all that money with your Volt.

diverdog
8/8/2011, 05:08 PM
gawd damn...you and your sorry azz Volt....I wished they would have never built the sum beech....I wouldn't have to hear all of your belly aching....

He's a sailor boy. What ya expect.

They are easy to trick.

StoopTroup
8/8/2011, 05:09 PM
Electricity vs Water = Bad.

pphilfran
8/8/2011, 05:45 PM
Hell will freeze over before sap buys a Volt....

sappstuf
8/8/2011, 09:05 PM
Hell will freeze over before sap buys a Volt....

Which would make the mileage even worse..... :(


;)

tommieharris91
8/8/2011, 09:09 PM
Awww... no mention of BofA stock off 20% in today's bloodbath?

pphilfran
8/8/2011, 09:12 PM
Awww... no mention of BofA stock off 20% in today's bloodbath?

The "good" bank stocks fell 8%....