ok, Maiden Lane III seems to be a Federal reserve entity buying CDO's and CDS's. Maybe someone can find out more. If they're posting collateral cash on open positions, I am cool with it. If they are buying back derivatives (from "financially sophisticated counterparties") at a massive loss at my (tax) expense, I am seriously pissed.
here's another decent article narrating the attachment above: http://www.earthtimes.org/articles/...-securities-lending-transactions,749585.shtml
American International Group Inc. (AIG) said it had paid over $100 billion of its bailout funds to international banks and U.S. states. The firm said Goldman Sachs (GS) was the biggest recipient, receiving $12.9 billion. Bank of America (BAC) and Merrill Lynch combined received $12 billion and Deutsche Bank (DB) got $11.8 billion. The announcement came after AIG became embroiled in a row over bonus payments to employees at the unit that was largely responsible for its near collapse.
How the fuck can they give these people bonuses. Someone should be ripping their balls off and feeding it to them not giving them bonuses.
Sorry, meant 'mini'. This sorta goes back to the M-LEC super-SIV idea that was floated briefly at some point to rescue the banks.