Sale frees NY fed of AIG toxic assets
The Federal Reserve Bank of New York has made billions of dollars in revenue for US taxpayers with the sale of the last toxic assets acquired through its bailout of AIG in 2008, according to US press reports.
The Wall Street Journal reported that the federal bank earned $6.6bn profit from selling complex mortgage securities that it took on in late 2008 in a rescue in which the insurance giant was dubbed
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