by Calculated Risk on 12/15/2008 06:15:00 PM

First another great cartoon! Click on cartoon for larger image in new window. Cartoon from Eric G. Lewis

From Bloomberg: AIG Sells Mortgage-Backed Securities to Fed Vehicle

American International Group Inc. ... sold residential mortgage-backed securities with a face value of $39.3 billion to a facility funded by the Federal Reserve.

AIG will receive about $19.8 billion for the assets ...

Without some details, it is impossible to know if half off is a good price for the Fed.

Also, check out Eric's earlier cartoon on Bernanke and quantitative easing.