NEW YORK (MNI) – The following text is a statement by the
New York Federal Reserve Bank Friday:
The Federal Reserve has received a formal offer from American
International Group, Inc. (AIG) to purchase the assets in Maiden Lane
II, LLC (MLII). The Fed has been aware of AIG’s interest in those assets
for some time. Any decision on a possible disposition of these assets
will be made in a way that maximizes the proceeds to the taxpayer and
that is consistent with the goal of fostering financial stability.
** Market News International New York Newsroom: 212-669-6430 **
[TOPICS: M$U$$$,MMUFE$,MGU$$$,MFU$$$,MK$$$$]
