Fed sits on paper losses on assets acquired in Bear Stearns rescue

02/16/2010 | Financial Times (tiered subscription model)

The U.S. Federal Reserve's rescue of Bear Stearns resulted in significant paper losses for the central bank in relation to real estate assets it acquired. The Fed holds the assets, including debt used to finance the acquisitions of Extended Stay Hotels and Hilton Hotels, in a vehicle called Maiden Lane I.

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