William C. Dudley

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  Profit Turned on AIG Facilities

  By Arthur D. Postal  |  June 15, 2012

  Two major loan facilities that enabled American International Group (AIG) to ride through a Force 5 financial typhoon have been fully repaid, the Federal Reserve Bank of New York announced late Thursday.

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  Federal Government Poised to Make $15 Billion from AIG Investment

  By Arthur D. Postal  |  May 7, 2012

  A sale of AIG stock is just the latest in a series of steps the federal government is taking to wind down its investment in the once-troubled insurer, a process that could ultimately net the government some $15 billion in profit.

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  Fed Sells Maiden Lane III Bonds

  By Arthur D. Postal  |  April 27, 2012

  It means that the end-game is being played on securities purchases by the Fed that were part of the federal government’s immense financial aid to AIG in the fall and winter of 2008.

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  Fed Sells Remaining Maiden Lane II Securities; Sees Net Gain of $2.8B

  By Arthur D. Postal  |  February 29, 2012

  The Federal Reserve Bank of New York late Tuesday finally closed out one chapter of the controversial bailout of American International Group by selling the last remaining securities held in the Maiden Lane II facility.

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  Federal Reserve of New York Squares an Account with AIG

  By Arthur D. Postal  |  February 9, 2012

  The Federal Reserve Bank of New York today ended one chapter from the bailout of American International Group, selling a group of mortgage-backed securities that closed out its Maiden Lane II facility.

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  Here Come Mortgage-Backed Securities Again

  By Arthur D. Postal  |  January 23, 2012

  The market is apparently strengthening for the risky residential mortgage-backed securities purchased by the Federal Reserve Board in early 2009 as part of its bailout of American International Group.