Bringing The World Home To You

© 2021 WUNC North Carolina Public Radio
120 Friday Center Dr
Chapel Hill, NC 27517
919.445.9150 | 800.962.9862
91.5 Chapel Hill 88.9 Manteo 90.9 Rocky Mount 91.1 Welcome 91.9 Fayetteville 90.5 Buxton
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations
The State of Things

Suing Bank of America

AIG was one of the most vilified culprits of the financial crisis, but now the insurance giant says it was actually duped by Bank of America. AIG claims in a new $10 billion lawsuit that the Charlotte-based bank misrepresented the quality of its mortgage-backed securities. Host Frank Stasio gets a rundown on the lawsuit and examines whether a suit like this moves us any closer to repairing damage caused by the mortgage meltdown with Charlotte Business Journal finance editor Adam O'Daniel; Duke University law professor James Cox; University of North Carolina at Chapel Hill business professor Alexander Arapoglou; and Center for Responsible Lending COO Deborah Goldstein.

Stories From This Author