AIG, Countrywide in Legal Feud Over Insurance for Subprime Loans

March 23, 2009

  • March 23, 2009 at 10:29 am
    anon the mouse says:
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    Looks like these fine two upstanding entities have fallen in the same outhouse legal hole and are now fighting over the ladder. Now who’s going to step up with a bucket to help bail them out?

  • March 23, 2009 at 10:32 am
    anon the mouse says:
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    Isn’t that an oxymoron, two insurance companies squaring off over unpaid claims… why don’t they just get a slick actuarial to write it off as “underwriting profit, and give a round of bonuses.

  • March 23, 2009 at 1:27 am
    R.J. says:
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    AIG & COUNTRYWIDE – What a couple of outlaws. Does anyone really care who wins or loses? Bet they spend millions of OUR dollars on this lawsuit against each other.

    These are probably the two most prominent contributers to our present economic problems.

    R.J.

  • March 23, 2009 at 1:35 am
    Bill says:
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    If I ask you for (free money) and you give it to me without asking anything at all in return, who is to blame when I sqwander the money and ask for more?

    Gietner, Paulson, Bush, Obama, all are no match against wallstreet to protect our tax dollars. Our Socialist president Obama intended on redistribution of wealth, but I dont think he intended it to go to wallstreet, but that is where it will wind up being.

  • March 23, 2009 at 2:11 am
    Alphonse Denayer says:
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    This is a brilliant move by United and could be the most significant in defining the much mischaracterized financial crisis we are now in. United’s litigation on the failure of Countrywide to underwrite their loan portfolio, but instead accepting predictably insolvent loans as required by Fannie and Freddie, at the direction of HUD, acting on the direction of President Clinton, and the U.S. Congress, would be overwhelmingly productive, should it set a precedent that will roll all liability systemically back to the original perpetrator — the U.S. government.

  • March 23, 2009 at 2:47 am
    Bean Counter says:
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    Finally, someone who actually knows who actually is to blame for the financial distress of our country.

    If it were not for deregulation we would not have this problem.

    Last week there was an outrage against the bonuses to AIG. Then their families were threatened so now the politicians are saying you can not over tax a bonus because they got gov’t loans without it having been a part of the loan.

    So how much of oour money has the gov’t wasted on all those wonderful hearings that have actually acomplished nothing?

    I was relieved that Pres. Obama at least had time to make up his chart for the March madness colege basketball playoffs.

    I guess there really has been a change in the White House. The real change is just a different party in power and different face at the desk. Other wise, nothing is different. Politics as usuall.

  • March 23, 2009 at 3:10 am
    The old saying says:
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    And the old saying is: The more things change, the more they stay the same.

  • March 23, 2009 at 4:00 am
    Jim Carrey says:
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    Didn’t I already make this movie? It was my sequel to Dumb & Dumber.

  • March 23, 2009 at 4:06 am
    Sherlock says:
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    No sh_t.
    regards, Sherlock

  • March 23, 2009 at 4:27 am
    SFOInsuranceLady says:
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    NOW look who is going to clutter our court system and drain taxpayer money….there ought to be a law….when will the US start regulating the banking industry again?! I’m just surprised that this didn’t happen sooner!



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