NU Online News Service, Feb. 29, 1:16 p.m. EST
The Federal Reserve Bank of New York late Tuesday finally closed out one chapter of the controversial bailout of American International Group by selling the last remaining securities held in the Maiden Lane II facility.
Under the system used to account for such financings, the sale will result in full repayment of the $19.5 billion loan extended by the New York Fed to ML II.
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