Fed Sheds AIG’s RMBS Completely
Yesterday, the New York Federal Reserve (Fed) reported that it sold the total American International Group Inc.’s (NYSE:AIG) Maiden Lane II LLC, thereby recovering all of $19.5 billion taken as a loan by the US government in this investment vehicle. The sale has also maximized public interest by about $2.8 billion from the total sale [...]
Yesterday, the New York Federal Reserve (Fed) reported that it sold the total American International Group Inc.’s (NYSE:AIG) Maiden Lane II LLC, thereby recovering all of $19.5 billion taken as a loan by the US government in this investment vehicle. The sale has also maximized public interest by about $2.8 billion from the total sale so far. However, the net proceeds from the latest sale will be released in April this year.
Maiden Lane II is an investment portfolio containing residential … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards