Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Why won Obama admin modify AIG bonuses in court but they will allow mortgage contract adjustment?

April 26, 2017adjustment admin aig bonuses contract Court mortgage Obama

0

Posted

Why won Obama admin modify AIG bonuses in court but they will allow mortgage contract adjustment?

1 Answer

0

Posted

Great question! A cynical answer is that the AIG executives could fight back if a third party interfered with their contracts (this looks like a case of tortious interference with contract) whereas homeowners have already breached their contracts and so the mortgage contract adjustment is technically a new contract.