The NY Fed postpones today's auction of Maiden Lane III CDOs with a face value of $1.67B, which...

The NY Fed postpones today's auction of Maiden Lane III CDOs with a face value of $1.67B, which it obtained during AIG's (AIG) bailout. The Fed didn't give a reason for delay, although Bloomberg reports that it's to give market participants more time to consider the relevant information.
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Comments (4)
  • DeepValueLover
    , contributor
    Comments (11169) | Send Message


    17 May 2012, 10:24 AM Reply Like
  • ahouseoforange
    , contributor
    Comments (592) | Send Message
    Good opportunity to buy more AIG warrants down 6% this morning.


    Outstanding stock will plummet by the fall with the AIA sale and resulting massive buyback. By September the government will likely try to drop their stake to just below the 50% mark i.e. sell around 11.5% and AIG will buy another 3 billion at a minimum which equates to around 100 million shares. Book value will climb towards $70 or higher by the time all the buying back of stock is done.
    17 May 2012, 10:35 AM Reply Like
  • Sahib
    , contributor
    Comments (28) | Send Message
    I am VERY interested in this stock. I am moving things around in preparation to buy shares. But I have 1 quick (possibly dumb) question. Why buy warrants instead of the actual shares?
    18 May 2012, 12:14 AM Reply Like
  • robbieboggie
    , contributor
    Comments (347) | Send Message
    17 May 2012, 11:46 AM Reply Like
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