"American International Group's bid to take back $15.7 billion in risky mortgage bonds may inject fresh confidence in a market where investors had started to question a nearly two-year rally.
AIG said on Thursday it made the offer to the Federal Reserve Bank of New York for the residential mortgage-backed securities it gave up at the height of the financial crisis. The Fed on Friday confirmed it received AIG's (AIG.N) offer for the bonds, held in Maiden Lane II, an entity formed in late 2008 as part of AIG's bailout."
There is something wrong with this picture but I cannot put my finger on it. I shall have to ponder it.
No comments:
Post a Comment
Not moderated but I do delete spam and I would rather that people not act like assholes.