NY Fed Says Maiden Lane Loans From AIG, Bear Stearns Rescues Have Been Paid Back |
| June 14, 2012 | June 2012 Bond Updates |
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The Federal Reserve Bank of New York is still sitting on a pile of assets it received in return for bailout loans to help rescue American International Group in September 2008 and steer Bear Stearns into the arms of JPMorgan Chase six months earlier, but any further sales will be pure profit according to a statement Thursday. |
| View more at: http://www.forbes.com/sites/steveschaefer/2012/06/14/ny-fed-says-maiden-lane-loans-from-aig-bear-stearns-rescues-have-been-paid-back/ |
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