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: Mortgage Lender Implode-o-MeterAIG considers action on Goldman
By Implode-Explode Heavy Industries
Insurance giant AIG may pursue Goldman Sachs on losses from six billion dollars of insurance deals similar to those that prompted recent SEC fraud charges, the Financial Times reported Tuesday.
The US government-backed insurer, saved from collapse in 2008, lost two billion dollars in the deals on mortgage-backed securities, the financial daily said, citing sources close to the situation.
Full post as published by Mortgage Lender Implode-o-Meter on April 20, 2010 (boomark / email).
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