Monday, 27 October 2008

The Bull must die

From the FED, Information on Principal Accounts of Maiden Lane LLC as at Wednesday, Oct 22, 2008

Net portfolio holdings of Maiden Lane LLC: $26,802M

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York: $28,820M

So the FED is a couple of billion underwater. On October 16th, the assets were valued at $29,492M.

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