The NY Fed is today planning to auction the last batch of CDOs from Maiden Lane III - a vehicle...

|By:, SA News Editor

The NY Fed is today planning to auction the last batch of CDOs from Maiden Lane III - a vehicle set up as part of the rescue of AIG (AIG) - with a sale of $3.4B worth of mortgage debt. AIG has so far received over $6B in proceeds from previous auctions and could get another $1.9B, which will help it buy back more shares from the Treasury.