CREATURE — FEDERAL RESERVE VEHICLE
No-Bid Contract⊙ 3Search your deck for an asset card and put it onto the battlefield. Skip due-diligence costs. (Once per game.)
Profitable Liquidation⊙ 2When this goblin leaves the battlefield, gain 2.5 gold counters. (Tracked across multiple primary sources.)
Special Purpose Vehicle⊙ 1This goblin cannot be targeted by effects that require periodic reports. (It is a limited liability company.)
Federal Reserve Bank of New York vehicle created March 2008. FRBNY extended $28.82B loan to purchase ~$30B of Bear Stearns mortgage-related assets. BlackRock Financial Management received no-bid contract to conduct due diligence and manage assets. Public records show the entity sold all remaining securities on September 18, 2018, generating a net gain of approximately $2.5 billion.
#federal-reserve-vehicle#bailout#mortgage-backed#special-purpose-vehicle
