Fed Rebuffs AIG Offer to Buy Back Bonds

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MORTGAGE EXPERT
3 · 31 · 11

The Federal Reserve rebuffed a nearly $16 billion offer by American International Group to re-purchase mortgage bonds from Maiden Lane — saying it will instead sell the bonds on the open market. A disappointed AIG fired back that the move will hurt U.S. taxpayers.

This wire news service story is no longer available.

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Mortgage Daily Staff

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