Fed begins buying securities
The Washington Times (Free subscription) | 06/01/2009
The Federal Reserve Bank of New York said Monday it has begun purchasing mortgage-backed securities in an effort to bolster the battered housing market.
Bank of New York
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Fed invests in mortgage market
Cincinnati Enquirer (Free subscription) | 06/01/2009
The Federal Reserve Bank of New York said Monday it has begun purchasing mortgage-backed securities in an effort to bolster the battered housing market.
- Federal Reserve tries to bolster housing market - NewsObserver.com - Business
- Fed to Begin Buying Mortgage-Backed Securities - DealBook
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Full Backstop
bubbleinfo.com (Free subscription) | 06/01/2009
NEW YORK (Dow Jones)–The Federal Reserve Bank of New York said Monday that it has begun buying fixed rate mortgage backed securities, as it previously announced it would do. The debt securities are guaranteed by Fannie Mae, Freddie Mac and Ginnie Mae, and are being bought via private investment managers. In a press release announcing the [...]
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Federal Reserve starts buying mortgage backed securities
BloggingStocks (Free subscription) | 05/01/2009
Filed under: Forecasts , Federal Reserve , Financial Crisis U.S. policy makers are putting all hands on deck. All engines are being used to pull this train out of the station. In this case, nearly every cliché applies. The Federal Reserve Bank of New York announced Monday it has started buying mortgage backed securities (MBS), as part of its $500 billion program to improve credit market liquidity...
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Financial News: NY Fed begins purchasing mortgage securities
Financial24 (Free subscription) | 05/01/2009
NEW YORK : The Federal Reserve Bank of New York said Monday it has begun purchasing mortgage-backed securities in an effort to bolster the battered housing market.The program, initially announced No
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All Your Home Loans Are Belong To Us To Boost Liquidity
SocketSite™ (Free subscription) | 05/01/2009
"The Federal Reserve Bank of New York started buying mortgage-backed securities today as part of a $500 billion program to support the U.S. housing market." ∙ New York Fed Begins Purchases of Agency Mortgage Debt [Bloomberg]...
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SIPC, trustee update Madoff liquidation proceeding
Market Watch (Free subscription) | 30/12/2008
BOSTON (MarketWatch) -- The Securities Investor Protection Corp. and the court-appointed trustee for the liquidation of Bernard Madoff's investment company on Tuesday said a U.S. bankruptcy court has approved the transfer of $29 million in debtor funds held by Bank of New York. This is one of "many steps" the trustee has taken and will continue to take to collect all available assets of the firm for...
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Judge OKs $28.1 mln for Madoff liquidation costs: reports
Market Watch (Free subscription) | 30/12/2008
SAN FRANCISCO (MarketWatch) -- A U.S. Bankruptcy court judge approved a transfer of $28.1 million from Bank of New York Mellon Corp. to cover expenses associated with the liquidation of Bernard Madoff's firm, according to media reports Tuesday. On Dec. 15, the Securities Investor Protection Corporation said it was liquidating Bernard L. Madoff Investment Securities LLC and a federal court appointed...
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Irving Picard, Madoff Trustee, Wants $28 Million For Costs
The Huffington Post (Free subscription) | 29/12/2008
NEW YORK — A trustee presiding over the liquidation of Bernard Madoff's investment firm says he plans to spend $28.1 million on employee salaries and other costs. Court papers filed in federal bankruptcy court in Manhattan on Friday show that Bank of New York Mellon Corp. has agreed to transfer the money to Trustee Irving Picard. The court papers say the trustee is in "urgent need of funding for immediate...
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Madoff liquidation trustee seeks $28M for costs
San Fransisco Chronicle (Free subscription) | 29/12/2008
A trustee presiding over the liquidation of Bernard Madoff's investment firm says he plans to spend $28.1 million on employee salaries and other costs. Court papers filed in federal bankruptcy court in Manhattan on Friday show that Bank of New York Mellon...
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Chancery Court Rules in Favor of Bank of New York Mellon Regarding Realogy Corporation Refinancing
www.delawarelitigation.com (Free subscription) | 28/12/2008
The Bank of New York Mellon v. Realogy Corp., (Del. Ch., Dec. 18, 2008), read opinion here. This Chancery Court decision in favor of The Bank of New York Mellon ("BNYM"), involved contract interpretation of various documents in connection with an attempt to refinance. Both BNYM as indenture trustee, and the corporate issuer sought declaratory judgment on cross-motions for summary judgment regarding...
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Fund acquires $16 billion in debt guaranteed by AIG
InformedTrades (Free subscription) | 24/12/2008
NEW YORK (Reuters) - A fund established by the Federal Reserve Bank of New York and insurer American International Group acquired an additional $16...
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Fund acquires $16 bln in debt guaranteed by AIG
Reuters (Free subscription) | 24/12/2008
NEW YORK (Reuters) - A fund established by the Federal Reserve Bank of New York and insurer American International Group acquired an additional $16 billion of bonds guaranteed by the troubled company, AIG said on Wednesday.
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AIG Announces Purchase of Additional Multi-Sector Collateralized Debt Obligations by Maiden Lane III and Termination of Credit Default Swaps
The Earth Times Online Newspaper (Free subscription) | 24/12/2008
NEW YORK - American International Group, Inc. (AIG) today announced that Maiden Lane III LLC (ML III), a financing entity recently created by the Federal Reserve Bank of New York (FRBNY) and AIG, has purchased an additional $16 billion in par amount of multi-sector collateralized debt
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AIG Announces Purchase of Additional Multi-Sector Collateralized Debt Obligations by Maiden Lane III and Termination of Credit Default Swaps
Business Wire (Free subscription) | 24/12/2008
NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (AIG) today announced that Maiden Lane III LLC (ML III), a financing entity recently created by the Federal Reserve Bank of New York (FRBNY) and AIG, has
