This 6-pillar curriculum teaches the basic literacy we need to be personally and financially successful and to do so in a manner in which together we evolve a culture that supports the emergence of an advanced human civilization.
Federal Reserve Rejects AIG Offer to Buy Mortgage Assets
The Federal Reserve announced Wednesday that it was declining an offer from American International Group (NYSE: aig) to buy the mortgage-related assets it holds in its Maiden Lane II portfolio.
Instead of selling the assets as a block to a single buyer, the Fed says it will sell the assets individually and in blocks in a “competitive process.” Earlier reports have said that the Fed was considering an auction for the assets.
The Fed acquired the mortgage-related assets in connection with the bailout of AIG in 2008. At the time, they were considered to be “toxic.”
