Remember those strolls down Maiden Lane: here and here. Well, the Fed just announced today that it has lost a combined additional $10 billion from Maiden Lane II and III - these are the AIG counterparty bailouts. Maiden Lane I didn't escape the carnage either - that portfolio lost $830 million.
Oh, don't worry about any taxpayer losses:
The central bank has said it doesn’t expect taxpayer losses on the portfolios in part because the Fed has as long as 10 years to sell the assets. Today’s release reflects values of assets as of March 31.
Boy, did JP Morgan Chase get a great deal on that Maiden Lane I/Bear Stearns.