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The FRBNY is done with its AIG involvement, selling the last of the MBS from its Maiden Lane III...

The FRBNY is done with its AIG involvement, selling the last of the MBS from its Maiden Lane III portfolio. The Fed's management of said portfolio resulted in a gain to the taxpayer of $6.6B. The combined profit from the 3 Maiden Lane portfolios sums to $17.7B. (PR)
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Comments (9)
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
    FRBNY needs to co-publish the hedges they made to achieve these "profits."
    23 Aug 2012, 02:53 PM Reply Like
  • trprof
    , contributor
    Comments (36) | Send Message
    Ideology has no place here. Good job, Fed.
    23 Aug 2012, 06:06 PM Reply Like
  • ahouseoforange
    , contributor
    Comments (397) | Send Message
    Done is Done! Good deal now on to the next Treasury sale in early September and then the (hopefully) ILFC IPO sometime before the end of the year or early 2013 to fund yet more buybacks driving book value over $70.00 and the stock over $40 and warrants near $20.
    23 Aug 2012, 04:11 PM Reply Like
  • campito
    , contributor
    Comments (77) | Send Message
    Not to forget the sale of AIA shares. Lock out expires in early september.
    23 Aug 2012, 10:48 PM Reply Like
  • bbro
    , contributor
    Comments (10418) | Send Message
    Bernanke for President
    23 Aug 2012, 04:30 PM Reply Like
  • mickmars
    , contributor
    Comments (1323) | Send Message
    Nah, Lloyd Blankfein already has that job.
    24 Aug 2012, 08:37 AM Reply Like
  • ComputerBlue
    , contributor
    Comments (879) | Send Message
    Who has two thumbs and is going to continue adding to his AIG position? This guy.
    23 Aug 2012, 06:57 PM Reply Like
  • DeepValueLover
    , contributor
    Comments (9719) | Send Message
    Those December 2011 AIG stock prices are gone forever.
    23 Aug 2012, 10:40 PM Reply Like
  • Tack
    , contributor
    Comments (14397) | Send Message
    More disregarded factual data for the perpetual whiners who complain about how much the bailouts "cost" the taxpayers.
    24 Aug 2012, 10:57 AM Reply Like
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