Professor Kurt Eggert was quoted in an article in the Los Angeles Times entitled, “Countrywide sues AIG unit over its failure to cover loan losses.”  The piece discusses a suit recently filed by Countrywide Home Loans Inc. complaining that AIG didn’t cover more than $43 million in losses from failed real estate loans, many of which were bundled and sold as securities. Professor Eggert stated, ” . . . Countrywide displays a huge amount of chutzpah . . . it’s suing because its loans went bad, and it claims United Guaranty should have done better underwriting, when it’s the failing of underwriting by loan originators that got us into this.” Read article…