Credit Suisse buys $7 billion of mortgage bonds from Fed

01/19/2012 | Bloomberg

Credit Suisse Group bought $7.01 billion in mortgage bonds from the Federal Reserve Bank of New York. The New York Fed acquired the securities in the rescue of American International Group. "I am pleased with the strength of the bids and the level of market interest in these assets," said New York Fed President William C. Dudley.

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