AIG Buys Back $2B Of Maiden Lane Mortgage Assets

Law360, New York (February 24, 2012, 7:23 PM EST) -- A pool of residential mortgage-backed securities the government sucked off the market during the financial crisis has come home to roost, as American International Group Inc. bought back a $2 billion chunk of the Maiden Lane II LLC portfolio assets it lost in its 2008 bailout, the company said Friday.

AIG purchased the Maiden Lane II bonds indirectly, through units of Credit Suisse Group AG and Goldman Sachs Group Inc., the New York Times DealBook reported Friday, but an AIG spokesman said the company is not...
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