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Loan Modification

: Mortgage Lender Implode-o-Meter

Fed makes ?a killing? on AIG contracts

By Implode-Explode Heavy Industries

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"The Federal Reserve is sitting on billions of dollars in paper profits from its controversial effort to unwind credit insurance contracts that AIG provided to banks such as Goldman Sachs, people familiar with the matter said."

Full post as published by Mortgage Lender Implode-o-Meter on January 20, 2010 (boomark / email).

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