The Congressional Oversight Panel's June 2010 report on the AIG rescue. Maiden Lane III bought CDOs from 16 counterparties for about $27.2 billion; with collateral already paid, the banks, including Societe Generale, Goldman Sachs and Deutsche Bank, received 100 percent of the notional value, though market value was less than half. BlackRock, Vanguard and State Street were not counterparties.
FRBNY assured that counterparties in these cases received 100 percent of the notional value of their CDSs.
Printed p. 75
The Congressional Oversight Panel's June 2010 report on the AIG rescue. Maiden Lane III bought CDOs from 16 counterparties for about $27.2 billion; with collateral already paid, the banks, including Societe Generale, Goldman Sachs and Deutsche Bank, received 100 percent of the notional value, though market value was less than half. BlackRock, Vanguard and State Street were not counterparties.