For reprint rights or to purchase a copy of your Daily Journal photo, email jeremy@reprintpros.com for prices or call 949-702-5390.

To buy more copies, call 866-531-1492 or email subscribe@dailyjournal.com
This is the property of the Daily Journal Corporation and fully protected by copyright. It is made available only to Daily Journal subscribers for personal or collaborative purposes and may not be distributed, reproduced, modified, stored or transferred without written permission. Please click "Reprint" to order presentation-ready copies to distribute to clients or use in commercial marketing materials or for permission to post on a website. and copyright (showing year of publication) at the bottom.
Subscribe to the Daily Journal for access to Daily Appellate Reports, Verdicts, Judicial Profiles and more...

Law Practice

May 1, 2009

BERG: In a Battle Between Bailout Titans, Taxpayers Are Still Holding the Bag

Columnist Martin Berg checks into the courtroom battle between BofA and AIG and asks: Who's got OUR backs?

In case you haven't heard enough about the shenanigans that led up to the financial meltdown, now we have the legal showdown unfolding between a couple of our bailout business partners.

Countrywide Financial Corp. you've heard of. United Guaranty Residential Insurance Co., you might recognize by the name of its holding company: AIG.

In a nutshell, Countrywide, now owned by Bank of America, sued United Guaranty in March for refusing to pay off insurance claims on...

To continue reading, please subscribe.
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!

Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)

Already a subscriber?

Enewsletter Sign-up



By using our website, you agree to our use of cookies in accordance with our cookie policy. You can learn more about how we use cookies by reviewing our Privacy Policy here.