AIG retrieves $2B of soured crisis MBSs


AIG (NYSE:AIG) has recouped more than $2B in settlements with banks over the shoddy mortgage bonds that almost led to the insurer's collapse during the financial crisis.

Most of the settlements were completed though private deals with banks such as Morgan Stanley, JPMorgan and BofA.

The out-of-court settlements means the AIG is unlikely to pursue further legal action against big banks.

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Comments (4)
  • BAHAMAS1
    , contributor
    Comments (5095) | Send Message
     
    Good idea for AIG to settle for the $2B, instead of dragging it out for a "possible" bigger settlement that the lawyers would get most of anyway.
    21 Jul 2014, 08:35 AM Reply Like
  • nap.jerry
    , contributor
    Comments (76) | Send Message
     
    Agree with Bahamas1! Besides, AIG shouldn't have bought those bonds if they didn't know what they consisted of; so, partially culpable equates to not getting "every" penny back. A good decision by AIG!
    21 Jul 2014, 09:29 AM Reply Like
  • sunwindgeo
    , contributor
    Comments (856) | Send Message
     
    Can anyone think of a more deserving company?

     

    http://bit.ly/1yQ6HoW see, for more reasons why we should mis trust AIG
    21 Jul 2014, 09:58 AM Reply Like
  • ComputerBlue
    , contributor
    Comments (1328) | Send Message
     
    Old AIG.
    21 Jul 2014, 10:05 AM Reply Like
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