AIG, Bank of America volley accusations of reckless greed at each other 

American International Group and Bank of America began volleying accusations of reckless greed at each other after AIG announced it is suing Bank of America for $10 billion. BofA denied selling AIG fraudulently overvalued residential mortgage-backed securities and charged that AIG “recklessly” chased high-return investments and knew the risks. AIG countered that is “disappointing but unsurprising” that BofA continues “to blame others for its own misconduct.”

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Staff Report

Staff Report

A daily newspaper covering San Francisco, San Mateo County and serving Alameda, Marin and Santa Clara counties.
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Friday, Oct 21, 2016


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