Talk:Maiden Lane Transactions/Archives/2013

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Administrators:
Maiden Lane II LLC is a company that created by the U.S. government in order to rescue AIG. And it is now listed on Federal Reserve's Balance sheet(Check http://www.federalreserve.gov/releases/h41/Current/). I believe that this article may help those who wants to know more about the financial crisis, and those who is reading the Fed's Balance Sheet and other related articles. Therefore I believe Maiden Lane II LLC meets the notability request of Wikipedia and this article should not be delected. Thanks.

Icmark (talk) 07:22, 20 December 2008 (UTC)

Maiden Lane was discussed in an article in Business Week (I think the Dec 29,2008 issue). As I recall, the Fed bought the CDOs that AIG had insured with their CDS at a discount. However, then they made up the difference to the CDO sellers with our taxpayer money.

company registration, process, formation

Is this company registered in New York? I'm curious if there exists a newspaper snippet publicizing the creation of this company, and the other Maiden Lane LLC's. I believe this needs to run for at least six weeks in order to have a fully registered LLC. 68.175.118.95 (talk) 05:28, 20 March 2009 (UTC)

"Maiden Lane II LLC are 180.16 billion dollars"

The current text has: "On the Fed's Balance Sheet as of May 6, 2009, net portfolio holdings of Maiden Lane II LLC are 180.16 billion dollars." It's not clear from the source how this figure is computed. The original source appears to be http://www.federalreserve.gov/releases/h41/20090507/ Does anyone understand how this $180B figure was arrived at? Jeff Carr (talk) 14:24, 10 August 2010 (UTC)

The figure was changed by anonymous user 160.33.66.121 with no explanation. The previous figure was $ 18,016 million dollars, so it appears the anonymous user moved the decimal point inadvertently in the wrong direction. Updated the the values from the current Fed release. Thomas Paine1776 (talk) 16:46, 10 August 2010 (UTC)

Information misleading or incomplete

The section on Maiden Lane III states: "On Thursday August 23, 2012, the Federal Reserve announced that Maiden Lane III had sold the last of its AIG portfolio that day." In context, this implies that the accounts at Maiden Lane III have zeroed out. But the current Fed Balance sheet (for the week Oct, 18, 2012) shows the account retains a balance of 23 million in assets. Similarly, the section on Maiden Lane II states: "In a February 28, 2012 press release, the New York Fed announced that the remaining securities in ML II were sold..." and similarly, the current balance sheet shows Maiden Lane II with an asset balance of 61 million. I don't doubt the press announcements are real, though the link to ref #7 is dead... but this leaves the reader with a misunderstanding of the actual state of these accounts. Is it because the balances are so relatively small? Also, what happens to the company now? Does it have some other purpose than stated or will it be disolved? Can anyone explain why Maiden Lane was registered to do business as a foreign company? And finally, the intro section states the total loan to Maiden Lane III was $24.3 billion, while the section on Maiden Lane III states "The Fed had earned a profit of $17,7 billion" [should the coma be a decimal?] and then states, almost directly afterwards that, "The Treasury still held a 53 percent stake in AIG's stock which it planned to gradually sell in an effort to recover the remaining $24.2 billion investment." These numbers make no sense and don't add up. Baon (talk) 03:50, 24 October 2012 (UTC)