AIG plans to sue hedge funds over financial crisis
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The Takeaway
Image of an AIG building (Photo by Flickr user eflon (cc:by))
The American International Group Inc. is going after the banks that sold it some $40 billion of mortgage securities.
AIG, one of the world's largest insurance companies, received some $85 billion from the government in 2008. Now it's suing banks to recover some of the funds lost in the financial crisis that necessitated that bailout.
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