Formed to hold mortgages and other underwater assets held by Bear Stearns
Also held mortage-backed securities and CDOs from AIG
The Federal Reserve provided loans to fund the Maiden Lane entities
Final Assets were sold off in September, 2018
Maiden Lane Criticisms
The assets purchased were not made public
Bloomberg filed a FOIA request in 2008 (denied stating was proprietary bank records)
Once finally released 2 years later, it was revealed that the assets were not high quality
Included high-risk junk bonds, credit default swaps, etc.
Multiple Maiden Lane Entities Were Created :
Maiden Lane LLC (closed in 2018) - profitable
Maiden Lane II LLC (closed in 2012) - profitable
Maiden Lane III LLC (closed in 2012) - profitable
Warnings and Disclaimers
Information contained herein is obtained from sources believed to be reliable, but its accuracy cannot be guaranteed. It is not designed to meet your personal financial situation - we are not investment advisors nor do we give personalized investment advice. The opinions expressed herein are those of the publisher and dare subject to change without notice It may become outdated an there i no obligation to update any such information.