The Federal Reserve Bank of New York has turned down an offer by American International Group to repurchase dodgy mortgage bonds that the Fed had taken off the insurance company’s hands during the financial crisis. Get the full story »
Inside these posts: Asset-backed bonds
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SEC lets bond issuers skirt Dodd-Frank
Bloomberg News | The Securities and Exchange Commission has indefinitely extended a rule exempting asset-backed bond issuers from reporting credit ratings in their marketing materials, undermining part of the Dodd-Frank financial reform law.
