Fed Raises $7B From AIG RMBS
Yesterday, the New York Federal Reserve (Fed) reported that it sold American International Group Inc.’s (NYSE:AIG) Maiden Lane II with fair value worth $7.014 billion to Credit Suisse Group AG (NYSE:CS). Maiden Lane II is an investment portfolio containing residential mortgage-backed securities (RMBS), which was acquired by Fed from AIG during the peak of financial [...]
Yesterday, the New York Federal Reserve (Fed) reported that it sold American International Group Inc.’s (NYSE:AIG) Maiden Lane II with fair value worth $7.014 billion to Credit Suisse Group AG (NYSE:CS). Maiden Lane II is an investment portfolio containing residential mortgage-backed securities (RMBS), which was acquired by Fed from AIG during the peak of financial crisis.
Accordingly, the bonds were sold off to Credit Suisse through a competitive bid, which was also participated by Goldman … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards