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AIG Sues BofA For $10B Over RMBS

By Erin Fuchs ( August 8, 2011, 2:38 PM EDT) -- American International Group Inc. sued Bank of America Corp. for $10 billion in New York on Monday, accusing it and its units of ignoring underwriting standards and selling AIG hundreds of securities largely backed by residential mortgages issued to bad borrowers....

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