Source: emii.com

The Federal Reserve Bank of New York, along with American International Group, has agreed to take on up to $450 million in losses on AIG’s Japanese real estate loans as part of the sale of American Life Insurance to MetLife.

The Congressional Oversight Panel charged with Troubled Asset Relief Program reviews says the size of pay packages awarded to General Motors Acceptance Corp executives “raise significant questions."

Source: Total Securitization

Advisors Asset Management (AAM) is setting up an institutional platform within its broker-dealer focused on mortgages and structured credit, municipal bonds and corporate bonds.