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20/06/2013

New York Fed’s Maiden Lane Sales Top $27 Billion

Posted by MereNews On July - 14 - 2012

BY AL YOON

Credit Suisse Group AG was among buyers of $828 million worth of mortgage securities left over from the bailout of insurer American International Group Inc., according to a person familiar with the sale.

The auctions of collateralized debt obligations and residential mortgage-backed securities were the latest sale from a Federal Reserve Bank of New York portfolio taken on during the 2008 AIG rescue.

They bring total sales from the vehicle known as Maiden Lane III to about $27.5 billion …

Article source: http://online.wsj.com/article/SB10001424052702304373804577523034174474046.html?mod=rss_economy

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