As part of the government bailout of AIG, the Federal Reserve bought $16 million worth of mortgage-securities from the company. Now, thanks to changes to the bond and housing markets, it may be stuck with them for a while.
Marketplace Morning Report®, hosted by David Brancaccio, kicks your weekday off right. Now a regular segment on NPR’s Morning Edition®, it’s a dash of news to go with that first cup of coffee. Get a global perspective on what’s making the business news headlines, airing up to five times each morning.