2013-11-04 — dailyfinance.com
``AIG sued Bank of America on Aug. 8, 2011 over allegations that the bank misrepresented the quality of more than $28 billion of mortgage-backed securities it bought from the Charlotte, North Carolina-based bank and its Countrywide and Merrill Lynch units.
Bank of America shares fell 20.3 percent on the day the lawsuit was filed, which was also the first session after Standard & Poor's took away the United States' triple-A credit rating. U.S. stock indexes fell 5.5 percent to 6.9 percent that day.''
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.