On 5 June, 2012, the FRBNY announced that they were accepting bids for about $7 billion face value in CDO's.
Combined with the previous announced CDO sales, the cash from this offering should go a long way towards repaying AIG's $5 billion equity position in Maiden Lane III.
This is entirely consistent with my 26 May posting regarding sources of cash.
Below are the remaining holdings:
Existing Home Sales: A few comments
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