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Loan Modification

: Mortgage Lender Implode-o-Meter

Fed Shoulders AIG Loan Losses to Ease Sale to MetLife

By Implode-Explode Heavy Industries

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" The Federal Reserve Bank of New York and American International Group Inc. agreed to shoulder as much as $450 million in losses tied to the insurer?s Japan real estate bets as part of the sale of a division to MetLife Inc."

Full post as published by Mortgage Lender Implode-o-Meter on March 11, 2010 (boomark / email).

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