New York Fed: Toxic assets from AIG gaining value (AP)

 

AP - Toxic assets the government bought during the bailouts of American International Group Inc. and Bear Stearns are finally gaining value, the Federal Reserve Bank of New York said Thursday.

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  • Toxic assets the government bought during the bailouts of American International Group Inc. and Bear Stearns are finally gaining value, the Federal Reserve Bank of New York said Thursday.

  • The Federal Reserve Bank of New York says toxic assets that the government took over from American International Group Inc. and Bear Stearns at the height of the financial crisis are gaining value for the first time.

  • By DANIEL WAGNER 2010-07-29T22:02:30Z WASHINGTON (AP) -- The Federal Reserve Bank of New York says toxic assets that the government took over from American International Group Inc. and Bear Stearns at the height of the financial crisis are gaining value for the first time....

  • The Federal Reserve Bank of New York lifted a veil of secrecy on the troubled mortgage assets it purchased as part of the 2008 rescues of Bear Stearns and AIG.

  • The Federal Reserve took on more than US$74-billion in subprime mortgages, depreciating commercial leases and other assets after Bear Stearns Cos. and American International Group Inc. collapsed.

  • WASHINGTON (AP) -- After two years of secrecy, the Federal Reserve Bank of New York is disclosing key details about billions of dollars of risky investments it bought while rescuing insurance giant American International Group Inc. and supporting the sale of failed investment bank Bear Stearns....

  • The Federal Reserve said it had suffered a $2.7bn paper loss on the $29bn portfolio of toxic assets it took over from Bear Stearns in March as part of JPMorgan Chase's government-brokered takeover of the stricken investment bank

  • The Federal Reserve said it had suffered a $2.7bn paper loss on the $29bn portfolio of toxic assets it took over from Bear Stearns in March, news which could fuel the backlash over the use of government funds to rescue financial institutions

  • The Federal Reserve lost $5.25 billion in the first quarter on the securities it acquired with last year's bailouts of Bear Stearns and insurer American International Group Inc., according to a report issued Wednesday.

 
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