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(Image from article: "AIG sues BofA for $10 billion alleging "massive fraud"")

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AIG sues BofA for $10 billion alleging "massive fraud"

The insurer AIG is suing Bank of America Corp to recover more than $10 billion of losses from a "massive fraud" on mortgage debt, deepening the morass of litigation faced by the largest U.S. bank.

Goldman CEO: We didn’t bet against clients

Goldman Sachs CEO Lloyd Blankfein, in written testimony prepared for a Senate hearing on Tuesday, said his firm "certainly did not bet against our clients."

Goldman Sachs e-mails show bank sought to profit from housing downturn

A Senate investigation into the financial crisis has found that Goldman Sachs, the storied Wall Street investment bank, sought to profit from the historic decline in housing prices by betting against the US mortgage market.

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