Tuesday, April 20, 2010

AIG Considering Going After Goldman Sachs to Recoup Its Losses

The Financial Times in London reports today that AIG is considering going after GS over $6B in losses incurred on insurance deals on mortgage-backed securities, similar to the one in the fraud allegations. The paper says that AIG was reviewing deals.

The FT says that the charges could spark additional actions from investors who lost money on mortgage-backed securities.

Lawyers say that if AIG and other companies manage to discover that their transactions had disclosure issues similar to those alleged in the charges, they would be able to complain to the SEC, file a private lawsuit.

Does this mean that the bailout money will be repaid to the taxpayer then?

Stumble Upon Toolbar

No comments:

Financial TV

Blog Archive

// adding Google analytics