American International Group Inc (AIG) Slams Bank of America Corp (BAC)

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Regulators drop their opposition
There were a few points of light for Bank of America Corp (NYSE:BAC) in Friday’s news, however. While stopping short of supporting the settlement, the Attorneys General of New York State and Delaware have declared they no longer have objections to the deal. In addition, the Federal Housing Finance Agency also dropped its opposition to the settlement.

While regulators have taken some of the pressure off, others like AIG are clearly willing to go to the mat over this issue. If investors get good news at the Article 77 hearing, expect American International Group Inc (NYSE:AIG) to show Bank of America Corp (NYSE:BAC) no mercy in the coming months on the murky mortgage front.

The article AIG Hammers Bank of America on Murky Mortgages originally appeared on Fool.com and is written by Amanda Alix.

Fool contributor Amanda Alix has no position in any stocks mentioned. The Motley Fool recommends American International Group (NYSE:AIG). The Motley Fool owns shares of American International Group and Bank of America and has the following options: Long Jan 2014 $25 Calls on American International Group.

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