AIG submits a $15.7B offer to buy back RMBS from N.Y. Fed

03/11/2011 | RTT News

American International Group said in a regulatory filing that it had offered to repurchase from the Federal Reserve Bank of New York a portfolio of residential mortgage-backed securities for $15.7 billion in cash. The bank bought the RMBS in 2008 as part of the U.S. government's rescue of the company.

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