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BofA (BAC) yesterday won an initial victory in the battle over its $8.5B mortgage bond...

BofA (BAC) yesterday won an initial victory in the battle over its $8.5B mortgage bond settlement with investors when an NY supreme court judge rejected a request from AIG to turn the limited proceeding, called Article 77, into a broader inquiry, or a plenary action, for a full hearing. AIG is one of two main objectors to the deal.
Comments (6)
  • MexCom
    , contributor
    Comments (3057) | Send Message
     
    This seems to be good news. AIG was no angel during the mortgage meltdown of '08. The fear of additional settlements and set asides seems to coming to an end for BAC.
    25 Apr 2012, 06:00 AM Reply Like
  • acesfull
    , contributor
    Comments (363) | Send Message
     
    It seems to be a case of sharks feeding on sharks. The real losers are the retail investors who lost big and have no funds to fight these banks in the courts.
    25 Apr 2012, 06:26 AM Reply Like
  • A Newell
    , contributor
    Comments (503) | Send Message
     
    AIG is no ones friend!
    25 Apr 2012, 12:26 PM Reply Like
  • bigTTT
    , contributor
    Comments (258) | Send Message
     
    AIG hires these punks that think they are so smart to pull this and that. That's how they got in trouble in the first place! No ethics!
    25 Apr 2012, 11:35 PM Reply Like
  • msphar
    , contributor
    Comments (170) | Send Message
     
    what are the ethics involving money anyway ?
    26 Apr 2012, 08:29 AM Reply Like
  • A Newell
    , contributor
    Comments (503) | Send Message
     
    Hmm that fat cat gets fatter until he falls off the branch?
    27 Apr 2012, 12:48 PM Reply Like
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