Barclays is seeking to bid for a portfolio of mortgage-backed securities owned by the Federal Reserve Bank of New York, Financial Times reports. The securities are placed within one of the special-purpose vehicles, Maiden Lane II, which was formed as part of AIG’s bailout. The U.S. Treasury, which is seeking to reduce its 92% stake in AIG, is planning to sell around $20 billion stock. AIG has already a made a $15.7 billion offer to buy back the assets to reduce its obligations to the government.

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