Relevant:
- AIG Gains As New York Fed Ending $62 Billion Auction: Mortgages
- Mortgage-Bond Selloff Threatens Rebound in U.S. Commercial Property Market
- New York Fed Buys "Plunge Protection Team" Digs
- Fed's Maiden Lane Holding Bear Stearns Mortgage Assets Shrinks Amid Sales
- Hiding commercial real estate losses by laundering bad loans through the Federal Reserve
2012-04-13 — bloomberg.com
A $7.49 billion mass of real-estate debt assumed by the Federal Reserve Bank of New York in 2008 is weighing on the commercial-mortgage bond market, exacerbating a slide in values as Europe's debt crisis flares and doubts mount about the strength of the U.S. economy.
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