[lbo-talk] CBO on TARP

c b cb31450 at gmail.com
Thu Mar 31 07:05:35 PDT 2011


Jordan Hayes


>> Did you see AIG wants to buy back a big part of their (ex-)portfolio?

Denied!

^^^^^ CB: Obama stands up to Wallstreet .

^^^^^^^^

http://ftalphaville.ft.com/blog/2011/03/30/532151/ny-fed-to-aig-thanks-but-no/

[ The Federal Reserve today announced that it has declined

American International Group's (AIG) offer to purchase all

of the assets in Maiden Lane II LLC (MLII).

After careful review, the Federal Reserve Bank of New York

(New York Fed) and the Board of Governors of the Federal

Reserve System (Board) judged that the public interest in

maximizing returns from any sale and promoting financial

stability would be better served by an alternative approach

to realizing value that is also more consistent with normal

market practice.



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