Maiden Lane II

  • 30.1.6 On December 12, 2008, Maiden Lane II LLC (“ML II”),
    another FRBNY-controlled LLC, purchased RMBS with a par
    value of $39.3 billion from certain AIG insurance subsidiaries
    for $19.8 billion, causing the subsidiaries to suffer a permanent
    loss of $19.5 billion on the RMBS in exchange for limited
    upside in ML II. (JX 188 at 41, 250). .............................................. 264
  • 30.1.7 AIG’s participation in ML II and ML III crystallized losses at
    the bottom of the market for AIGFP’s multi-sector CDS
    portfolio and AIG’s securities lending program. (PTX 578 at
    3; see infra §§ 34.4, 34.9). ................................................................ 266
  • 33.9.3 Defendant communicated directly with AIG’s lead insurance
    regulator, the New York State Insurance Department
    (“NYSID”). ....................................................................................... 367
  • 34.4 Defendant Knew That Maiden Lane II and III Would Cause AIG to Give
    Up at Least $50-$100 Billion in Upside. ............................................................ 378
    34.4.2 The formation of Maiden Lanes II and III crystallized losses at
    the bottom of the market for AIGFP’s multi-sector CDS
    portfolio and AIG’s securities lending program. (PTX 578 at
    3). ...................................................................................................... 380

Starr International Company, Inc. v. The United States - Case 1:11-cv-00779 - Document 428 - Plaintiff's Proposed Findings of  Fact - 573p