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Credit Suisse bets on US property market

Posted on 30 January 2012

The New York Federal Reserve said it has sold $7 billion in residential mortgage-backed assets acquired in its AIG bailout to Swiss bank Credit Suisse (CS.
The New York Fed did not disclose the amount paid for the assets, part of a special portfolio created in the 2008 rescue of the American insurance and financial services company. The assets were sold through an auction, it said in a statement………………………………………..Full Article: Source


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