Filed Under:Claims, Litigation

AIG Makes Case for Its Ability to Sue Banks over MBS; Clashes with Fed

American International Group contends it never forfeited its right to sue mortgage bankers that sold it virtually worthless mortgage-backed securities, and the insurer says a Federal Reserve official has made inconsistent statements to the court on the matter.

AIG is claiming that it is owed perhaps $10 billion from the banks.

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