The NY Fed may reportedly auction $7B worth of mortgage bonds it obtained when it rescued AIG in...


The NY Fed may reportedly auction $7B worth of mortgage bonds it obtained when it rescued AIG in 2008 after receving an approach from a potential buyer. A group of up to five dealers, including Goldman Sachs (GS) may be asked to bid. The Fed suspended sales in June after dealers blamed the auctions for a fall in the markets.

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  • youngman442002
    , contributor
    Comments (5123) | Send Message
     
    "May be asked to bid".....now that is a statement.....you bid or else....lol...and we call this a free market...its not..its so rigged...
    13 Jan 2012, 07:48 AM Reply Like
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