AIG was one of the most vilified culprits of the financial crisis, but now the insurance giant says it was actually duped by Bank of America. AIG claims in a new $10 billion lawsuit that the Charlotte-based bank misrepresented the quality of its mortgage-backed securities. Host Frank Stasio gets a rundown on the lawsuit and examines whether a suit like this moves us any closer to repairing damage caused by the mortgage meltdown with Charlotte Business Journal finance editor Adam O'Daniel; Duke University law professor James Cox; University of North Carolina at Chapel Hill business professor Alexander Arapoglou; and Center for Responsible Lending COO Deborah Goldstein.
Longtime NPR correspondent Frank Stasio was named permanent host of The State of Things in June 2006. A native of Buffalo, Frank has been in radio since the age of 19. He began his public radio career at WOI in Ames, Iowa, where he was a magazine show anchor and the station's News Director.
Isaac-Davy Aronson is WUNC's morning news producer and can frequently be heard on air as a host and reporter. He came to North Carolina in 2011, after several years as a host at New York Public Radio in New York City. He's been a producer, newscaster and host at Air America Radio, New York Times Radio, and Newsweek on Air.