University of California regents sue AIG over subprime mortgages

 · The Regents complaint, filed in federal court in San Francisco, alleges the company hid its exposure to subprime mortgages from 2006 to 2008, inflating the.

Clayton Holdings names Andrew Pollock head of consulting services Clayton Holdings Names Pollock Head of Consulting Services . Clayton Holdings, Shelton, Conn., appointed Andrew Pollock as senior managing director of Clayton Consulting Services, responsible for operational direction and product expansion. Pollock has more than 25 years of experience, more than half of which was spent at First Franklin, where.

So how could a major bill described by the president and both parties’ leaders as critical to the well-being of the nation’s — and the world’s — economy go down to defeat? There are no easy answers.

A federal judge on Thursday narrowed several lawsuits against American International Group Inc by shareholders who opted out of the $970.5 million class-action settlement that she approved in.

 · How All Politics Became Reproductive Politics argues that this story about “losers mortgages” and the “subprime as a demographic category” that made the banks and financial services industry rich before and after the foreclosure crisis was the rule, not the exception. The massive changes in the economy since the late 1970s – stagnant.

The bonus: It’s the most visceral symbol of Wall Street’s excess. It’s telling that perhaps the biggest outcry during the financial crisis wasn’t the TARP bailout in October 2008, but an attempt by.

Justice using JPM settlement to pursue other banks The Massachusetts lawsuit, filed in state court in Boston, accuses Bank of America Corp, JPMorgan Chase & Co Inc, Citigroup Inc, Wells Fargo & Co and GMAC of deceptive foreclosure practices, such as.

 · In a separate suit today, the Regents of the University of California made similar fraud claims against aig. “plaintiffs suffered tens of billions of dollars in losses, at least, based on false and materially misleading statements that AIG, certain of its executives, directors, underwriters and outside auditor made,” according to the complaint.

Paulson & Co., which made $15 billion in 2007 betting against subprime mortgages, said in a June 3 letter. in 1997 and moved to Shanghai after graduating from the University of Southern California.

Home prices expected to rise in 40% of major metros in 2011: Veros Jobless claims fall by 12,000 filings * Four-week moving average of claims drops 4,750 * continuing claims rise 12,000 to 1.68 million. By Lucia Mutikani. WASHINGTON, May 23 (Reuters) – The number of Americans filing applications for unemployment benefits unexpectedly fell last week, pointing to sustained labor market strength even as the economy slows.

-Sept. 7: The Treasury takes over mortgage giants Fannie Mae (FNM) and Freddie Mac (FRE), putting them into a conservatorship and pledging up to $200 billion to back their assets. -Sept. 16: The fed injects billion into the failing American international group (aig), one of the world’s largest insurance companies.

This week on the JOURNAL, Bill Moyers spoke with two journalists from the progressive magazine MOTHER JONES about Wall Street’s power over Washington and why the public isn’t demanding more regulation.

 · That same week, AIG owed $13 billion to holders of CDFs and it didn’t have the money. Andrew Sheng (1946) [Chief Advisor, China Banking Regulatory Commission]: AIG was another hub. If AIG had stopped, all planes may have [had] to stop flying. On.