|By BEN PROTESS|
The Federal Reserve Bank of
In a twist peculiar to
The entity, known as Maiden Lane III, took on nearly
Now, more than three years later, Goldman and other big banks are expected to bid on the securities called "
The New York Fed hired
The move to purge A.I.G. assets stems from the insurer's own interest in buying back some securities last year. A.I.G. tried to recoup
Ultimately, the New York Fed found a long line of eager bidders on
The assets, held in another investment vehicle known as Maiden Lane II, were acquired in 2008 as part of the A.I.G. bailout. The New York Fed provided a
The various assets sales are part of a broader effort to whittle down the insurer's government bailout.
A.I.G. has taken a series of other steps to pay off its obligations to the government, which still holds a roughly 70 percent stake in the company, through buying back stock and other means. The
|Copyright:||Copyright 2012 The New York Times Company|
|Source:||New York Times Digital|