AIG CDO Debt Sold To Bank of America by NY Fed

The Federal Reserve Bank of New York just announced that it sold $7.5 billion of debt obligations that had been collateralized and tied to Bank of America Corp. (NYSE: BAC)

In a statement that was read to the public, New York Fed said that it the bid that won had represented the best value for the public.

exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here

If you are subscribed and having an account error please clear cache and then cookies if that does not work email and we will get back to you as quick as humanly possible

Subscribe to our mailing list

* indicates required

Opt out of occasional 3rd party offers