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Merrill Lynch (BAC) yesterday emerged the winner of an NY Fed auction for former AIG CDOs with a...

Merrill Lynch (BAC) yesterday emerged the winner of an NY Fed auction for former AIG CDOs with a face value of $1.9B, the FT reports. The bank is tomorrow due to sell another $5B of the assets, which are held in Maiden Lane III.
Comments (4)
  • DeepValueLover
    , contributor
    Comments (8176) | Send Message
     
    Great if your long both BAC and AIG.

     

    Win Win.
    14 Jun 2012, 08:28 AM Reply Like
  • MexCom
    , contributor
    Comments (3050) | Send Message
     
    Waiting to see how this affects the mortgage REITs
    14 Jun 2012, 09:29 AM Reply Like
  • DeepValueLover
    , contributor
    Comments (8176) | Send Message
     
    Not a mortgage REIT but CT has been FLYING lately.

     

    The commercial side is looking a lot better.
    14 Jun 2012, 12:22 PM Reply Like
  • shakey1303
    , contributor
    Comments (18) | Send Message
     
    I bought 1000 shares @ $5.10 in my IRA as I figured I don't have to withdraw for another 5 years at 70 1/2 years old.
    14 Jun 2012, 11:59 PM Reply Like
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