BLOOMBERG | AIG’s $15.7 Billion Bid for Maiden Lane Mortgage Bonds Rejected...
The New York Fed will instead sell the assets individually and in blocks, the regulator said yesterday in a statement posted on its website. BlackRock Inc. (BLK), the New York Fed’s investment manager,...
View ArticleIf Wall Street is not going to be held more accountable, we need to know why
Don’t Let Go of the Anger NYTimes- By WILLIAM D. COHAN One of the most frustrating facts of the recently abated financial crisis is that those who might have been partly responsible for it have got off...
View ArticleCOMPLAINT | AIG vs. BANK OF AMERICA (BAC) “Massive Fraud”
SUPREME COURT OF THE STATE OF NEW YORK COUNTY OF NEW YORK AMERICAN INTERNATIONAL GROUP, INC., AIG SECURITIES LENDING CORPORATION, AMERICAN GENERAL ASSURANCE COMPANY, AMERICAN GENERAL LIFE AND ACCIDENT...
View ArticleREUTERS Exclusive: Bank of America kept AIG legal threat under wraps
(Reuters) – Top Bank of America Corp lawyers knew as early as January that American International Group Inc was prepared to sue the bank for more than $10 billion, seven months before the lawsuit was...
View ArticleHagens Berman Announces Securities Investigation Of Bank Of America
Hagens Berman Sobol Shapiro LLP today announced that it is investigating concerns by hedge funds and institutional investors who believe Bank of America Corp. (NYSE: BAC) may have failed to disclose to...
View ArticleHomeowners Sue to Block BofA/BNY Deal; Details
Abigail C. Field- The $8.5 billion settlement that Bank of New York and Bank of America hope will resolve all (or almost all) mortgage backed securities claims between them has faced a lot of...
View ArticleRobbins Geller Rudman & Dowd LLP Files Class Action Suit Against Bank of...
On September 23, 2011, Robbins Geller Rudman & Dowd LLP filed a complaint alleging violations of the federal securities laws by Bank of America Corporation and certain of its officers and/or...
View ArticleBank of New York: We have no fiduciary duty to MBS investors
Thomson Reuters News & Insight- When New York attorney general Eric Schneiderman sued Bank of New York Mellon in August, the AG asserted that the Countrywide mortgage-backed securitization trustee...
View ArticleCOMPLAINT | State of Ohio, Geauga County v. MERSCORP, MERS et al., No....
IN THE COURT OF COMMON PLEAS GEAUGA COUNTY, OHIO STATE OF OHIO, ex.rel. DAVID P. JOYCE PROSECUTING ATTORNEY OF GEAUGA COUNTY, OHIO Courthouse Annex, 231 Main St. Suite 3A Chardon, Ohio 44024 On behalf...
View ArticleFinancial Crisis: Review of Federal Reserve System Financial Assistance to...
Summary In September 2008, the Board of Governors of the Federal Reserve System (Federal Reserve Board) approved emergency lending to American International Group, Inc. (AIG)–the first in a series of...
View ArticleRanking Member Cummings Addresses New GAO Report on AIG Bailout
Washington, DC—Ranking Member Elijah E. Cummings issued the following statement on a new GAO report issued regarding AIG. The report found inconsistent accounts of attempts by the Federal Reserve Bank...
View ArticleAIG-owned United Guaranty opposes HARP 2.0 reps and warrants waivers
via- anonymous This is a blockbuster! Wanna know why? Because it was AIG United Guarantee that was contracted to perform the loan reviews for FNMA to support put-back demands last year and the year...
View ArticleFacing Criminal Charges? Geithner was arrested and released!
by 2012sprint “What a tangled web we weave, When at first we practice to deceive” © 2010-14 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.
View ArticleAlison Frankel: Why NY businesses should worry about BofA’s new MBS defense
Reuters Legal- U.S. District Judge Mariana Pfaelzer of federal court in Los Angeles is poised to deliver a ruling in AIG’s mortgage-backed securities case against Countrywide that could have an impact...
View ArticleAlison Frankel: Will 2nd Circuit remake AIG’s MBS case against BofA?
REUTERS LEGAL- Mortgage-backed securities litigation has been very good for some of the most obscure laws on the books. I’ve already mentioned the starring role the unheralded statute of repose has...
View ArticleCertification battle in Ohio MERS class action heats up
Lexology- On April 23, 2012, the plaintiff in State of Ohio ex rel. David P. Joyce, Prosecuting Attorney of Geauga County Ohio v. MERSCORP, Inc., et al., N.D. Ohio Case No. 1:11-cv-02474, filed its...
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