2012-06-16newyorkfed.org

Well ain't that just amazing; the loans to ML-I and II managed to be paid back in an environment of $3 trillion in permanent support to the financial system... also from the Fed. Note also that the assets in Maiden Lane are still there and still need to be sold:

New York Fed, through BlackRock Solutions, will continue to sell the remaining assets from the ML LLC and ML III LLC portfolios as market conditions warrant and if the sales represent good value for the public.  There is no fixed timeframe for these sales. In accordance with the LLCs' agreements, proceeds from future sales in ML LLC will be used to retire the subordinated loan extended by JPMorgan Chase & Co., after which the New York Fed will receive all residual profits, and proceeds from future sales in ML III LLC will be used to repay the equity contribution extended by AIG, after which the New York Fed will receive two-thirds of residual profits.



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