Document Type
Lessons Learned
JEL Codes
G01, G28
Abstract
Zachary Taylor joined the Federal Reserve Bank of New York (FRBNY) in January 2009 to lead the team responsible for managing and unwinding the central bank’s Maiden Lane II and III portfolios, which were acquired in connection with the intervention to assist American International Group (AIG). Taylor later took over responsibility for the Maiden Lane portfolio consisting of former Bear Stearns assets as well as the unwinding of the Term Asset-Backed Securities Loan Facility (TALF), another crisis-era program. All told, those portfolios amounted to more than $140 billion in residential mortgage-backed securities (RMBS), collateralized debt obligations (CDO), credit default swaps (CDS), commercial and residential mortgages, and other loans and securities.
Recommended Citation
Haggerty, Maryann
(2021)
"Lessons Learned: Zachary Taylor,"
Journal of Financial Crises: Vol. 3
:
Iss. 1, 520-522.
Available at:
https://elischolar.library.yale.edu/journal-of-financial-crises/vol3/iss1/21
Date Revised
2021-04-16
Included in
Economic History Commons, Economic Policy Commons, Finance Commons, Finance and Financial Management Commons, Public Policy Commons