And so we've come full circle. The WSJ is reporting that the Federal Reserve Bank of New York will be seeking bids by the middle of this week for roughly $6 Billion dollars worth of residential mortgage backed securities currently held in Maiden Lane II. This would be on the heels of a $7 Billion dollar sale on January 19th to Credit Suisse.
What's notable here is that the Fed said the January sale was prompted by an unsolicited bid from Goldman Sachs (as ZH discusses
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