AIG Buys Assets in Maiden Lane II Auction

A source close to the situation confirms AIG bought assets in the New York Federal Reserve's auction of mortgage backed securities it acquired from the insurance company during the height of the financial crisis.


The source declined to say how many assets AIG bought. Traders said there appears to have been one buyer for about 15 to 17 of the 42 bonds, a buyer they speculate is AIG. The New York-based insurance company declined comment. » Read More