The NY Fed plans to take bids on Wednesday and Friday on former AIG (AIG) CDOs that have a face...

|By:, SA News Editor

The NY Fed plans to take bids on Wednesday and Friday on former AIG (AIG) CDOs that have a face value of $7B and are held in Maiden Lane III. Some analysts reckon the sale could facilitate the repayment of the last loan that AIG owes to the Fed for its bailout, although the eurozone crisis and slowing U.S. economy could curtail demand.