AIG has filed a $10 billion lawsuit against Bank of America over allegations of mortgage-backed securities (MBS) fraud. AIG claims that Bank of America and several of its acquisitions, including Merrill Lynch and Countrywide, of misrepresenting the quality of the mortgages that went into bundle... Read more...
Disclose.tv - 12Yr Old Girl Discovers All USA Presidents Related Video Says uploader: The reason this video is pertinent to this channel is because I have displayed earlier video's calling into question whether we won the Revolutionary war, the War of 1812, or did we lose control of our countr... Read more...
Over drinks at a bar on a dreary, snowy night in Washington this past month, a former Senate investigator laughed as he polished off his beer. "Everything's fucked up, and nobody goes to jail," he said. "That's your whole story right there. Hell, you don't even have to write the rest of it. Jus... Read more...
Astonishingly, as Wall Street reform enters its final hours a tired, generic corporate refrain against regulation is gaining traction. As bigwig bankers and their lobbyist brethren fight to defeat tough new rules on derivatives—the crazy casino that brought down AIG—all their sloganeers can co... Read more...
NEW YORK (Fortune) -- The AIG bailout isn't going away, much as Treasury Secretary Tim Geithner might like it to. The $180 billion fiasco was back in the news Thursday, after Bloomberg reported that the Federal Reserve Bank of New York prodded the troubled insurer at the end of 2008 to withho... Read more...
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01/12/2009,
by IAmNotARapperiSpit.com in News,
Politics As Usual,
program,
Stranger than fiction,
World News
NEW YORK (CNNMoney.com) -- AIG announced Tuesday that it completed a deal wiping out $25 billion of its debt to taxpayers by selling stakes in two subsidiaries to the Federal Reserve Bank of New York. The troubled insurer gave the New York Fed preferred shares of two of its international life ins... Read more...