AIG Offers To Buy Back MBS From Fed

11 Mar 2011

American International Group has offered to repurchase mortgage-backed securities currently held in Maiden II, a government fund, for $15.7 billion.

American International Group has offered to repurchase mortgage-backed securities currently held in Maiden II, a government fund, for $15.7 billion. In a letter to the Federal Reserve Bank of New York, AIG said the offer is “in the best interests” of taxpayers and “will substantially reduce ...

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