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Loan Modification

: Mortgage Lender Implode-o-Meter

Fed lost $5.3B on Bear Stearns, AIG holdings in 1Q

By Implode-Explode Heavy Industries

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" The Federal Reserve lost $5.25 billion in the first quarter on the securities it acquired with last year's bailouts of Bear Stearns and insurer American International Group Inc., according to a report issued Wednesday."

Full post as published by Mortgage Lender Implode-o-Meter on June 10, 2009 (boomark / email).

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