“A growing appetite for risk is prompting some Wall Street banks and investment firms to show interest in buying the most complex and troubled assets tied to the bailout of American International Group Inc.
The $47 billion face value in assets, held by the Federal Reserve Bank of New York, are the same kinds of financial instruments that were at the heart of the financial crisis and caused record losses across the financial industry. Plunging values of the securities, called collateralized debt obligations, or CDOs, caused AIG’s near collapse and a government rescue in 2008. ….”
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