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

|By:, SA News Editor

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.