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

|By:, SA News Editor

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.