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Credit Suisse Paid $6.8 Billion For AIG's Home-Loan Bonds-Bloomberg

|Includes:American International Group Inc (AIG), CS

The Federal Reserve continues to unwind the various Maiden Lane portfolios at a really nice profit for taxpayers. Once the Federal Reserve sells the remaining portion of Maiden Lane III AIG (NYSE:AIG) should be pretty much done owing any more money. According to Bloomberg the central bank is owed almost $9 billion on its loan to Maiden Lane III and the holdings are currently valued at about $17.6 billion. AIG has equity in these assets once the loan is repaid with interest, and absolving the uncertainty of this liquidation would likely remove a significant headwind for the stock.

http://www.bloomberg.com/news/2012-04-16/credit-suisse-paid-6-8-billion-for-aig-s-home-loan-bonds.html

http://seekingalpha.com/article/453981-aig-is-too-good-a-long-term-idea-to-pass-up

Disclosure: I am long AIG.

Stocks: AIG, CS