AIG offloads $39.3bn of toxic assets to Maiden Lane II

"American International Group (AIG) has sold $39.3 billion (£25.7 billion) of its residential mortgage-backed securities to Maiden Lane II, a newly formed trust backed by the Federal Reserve.
The stricken US insurance company secured an $85 billion government bail out in September, only hours after the collapse of Wall Street investment bank, Lehman Brothers.
The group went [...]" (2008-12-16)
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