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[ENTITY FILE] SUBJECT-0033 INSTRUMENT ACTIVE
ML
// Subject

Maiden Lane LLC​​‌​​‌‌​‍‍‌‌​‌​​‌‍‍​​​​​‍​

Federal Reserve Bear Stearns bailout vehicle
Tracked Federal Reserve Bear Stearns bailout vehicle · 11 documented connections
// Editorial summary — AI-generated from public records

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. Danzeisen left BlackRock the same weekend this contract was awarded.

Facts on record135
Connections mapped11
Sources cited32
View on Graph → Export CSV ← Entity Directory
Stated vs Revealed
No documented contradictions on file.
Connection Map
Key Connections
→ Entity #25
Investment Management Contract
BlackRock Financial Management Inc. was hired by the Federal Reserve Bank of New York to manage the Maiden Lane LLC portfolios, including Maiden Lane I, II, and III. BlackRock served as the investment manager for these special purpose vehicles holding distressed assets from Bear Stearns and AIG.
→ Entity #614
special purpose vehicle
Created and consolidated by FRBNY as crisis intervention vehicle
→ Entity #150
subordinated lender
JPMC provided $1.15 billion subordinated loan to facilitate Bear Stearns acquisition
→ Entity #615
investment manager
BlackRock served as investment manager and advisor for asset management
← Entity #159
crisis_manager
The Federal Reserve gave Fink's BlackRock no-bid contracts to manage toxic assets in all three Maiden Lane special purpose vehicles during the 2008 crisis: Maiden Lane ($30B Bear Stearns), Maiden Lane II (AIG MBS), and Maiden Lane III (AIG CDOs).
← Entity #617
subsidiary trust
Grantor trust established to hold commercial mortgage loans
← Entity #618
subsidiary trust
Grantor trust established to hold residential mortgage loans
← Entity #623
service_provider
State Street provided administrative, custodial and collateral administration services
Facts (135)
Data Freshness
Fresh Last update: 22d ago · Avg age: 600d
Confidence Tiers: Primary Source — cross-referenced government/corporate filings Pending Review — sourced but not independently verified AI Inference — analytical hypothesis from cross-referencing
✓ Verified Findings (4)
These facts have been cross-referenced and confirmed against their source material.
Verified Pending Review UK parliamentary records databases would need to be searched for broader crisis terminology rather than specific 'Mai​​‌​​‌‌​‍‍‌‌​‌​​‌‍‍​​​​​‍​den Lane LLC' references to properly assess the scope of discussion about Federal Reserve emergency lending mechanisms
Date: 2008-2010 Added: 07 Apr 2026
Verified AI Inference The entity name 'Maiden Lane LLC' is historically significant - this was the name used for special purpose vehicles crea​​‌​​‌‌​‍‍‌‌​‌​​‌‍‍​​​​​‍​ted by the Federal Reserve Bank of New York during the 2008 financial crisis to acquire assets from Bear Stearns and AIG
Added: 07 Apr 2026
Verified Pending Review The Maiden Lane entities are not standard federal contractors and ​​‌​​‌‌​‍‍‌‌​‌​​‌‍‍​​​​​‍​would not typically appear in USASpending.gov procurement databases
Date: 2024-06-15 Added: 05 Apr 2026
Verified Pending Review Any FEC donations from a 'Maiden Lane LLC' would need verification to determine if they are from an unrelated private entity sharing a similar name
Date: N/A Added: 05 Apr 2026
Raw Filing Records (124) — unsourced metadata
Pending Review Maiden Lane LLC purchased approximately $30 billion in assets from Bear Stearns with $29 billion loan from Federal Reserve Bank of New York
Date: 2008-06-26 Added: 15 Apr 2026
Pending Review The Maiden Lane LLC transaction ultimately produced a net gain of $2.5 billion despite initial Bank of America projections of $2-6 billion losses
Added: 09 Apr 2026
Pending Review Maiden Lane LLC fully repaid its loans to the Federal Reserve Bank of New York on June 14, 2012, with interest, marking retirement of the last remaining debts from the Bear Stearns intervention
Date: 2012-06-14 Added: 09 Apr 2026
Pending Review Maiden Lane LLC purchased approximately $30 billion of Bear Stearns assets, primarily mortgage-related securities, whole mortgage loans, and associated hedges
Date: 2008-06-26 Added: 09 Apr 2026
Pending Review The LLC held interests in variable interest entities through investments in non-agency residential mortgage-backed securities, commercial mortgage-backed securities, and collateralized debt obligations
Date: 2015-12-31 Added: 09 Apr 2026
Pending Review Maiden Lane LLC was not subject to standard SEC periodic reporting requirements (10-K, 10-Q, 8-K) as it was a special purpose vehicle consolidated by the Federal Reserve Bank of New York
Added: 09 Apr 2026
Pending Review The Federal Reserve Bank of New York extended a $28.82 billion senior loan to Maiden Lane LLC, while JPMorgan Chase provided a $1.15 billion subordinated loan
Date: 2008-06-26 Added: 09 Apr 2026
Pending Review Maiden Lane LLC established two grantor trusts: Maiden Lane Commercial Mortgage Backed Securities Trust 2008-1 and Maiden Lane Asset Backed Securities I Trust 2008-1
Date: 2008-06-26 Added: 09 Apr 2026
Pending Review Maiden Lane LLC was organized as a Delaware Limited Liability Company on April 29, 2008, and registered to do business as a foreign limited liability company in New York on June 26, 2008
Date: 2008-04-29 Added: 09 Apr 2026
Pending Review Maiden Lane II LLC generated net gain of approximately $2.8 billion for U.S. public
Added: 08 Apr 2026
Pending Review Maiden Lane II LLC was funded with $19.5 billion senior loan from FRBNY and $1 billion from AIG
Date: 2008-12-12 Added: 08 Apr 2026
Pending Review Maiden Lane LLC sold all remaining securities on September 18, 2018
Date: 2018-09-18 Added: 08 Apr 2026
Pending Review Maiden Lane III LLC was dissolved on September 10, 2012 under Delaware law
Date: 2012-09-10 Added: 08 Apr 2026
Pending Review Maiden Lane III LLC sold all remaining securities on August 23, 2012
Date: 2012-08-23 Added: 08 Apr 2026
Pending Review Maiden Lane II LLC sold all remaining securities on February 28, 2012 and repaid all obligations
Date: 2012-02-28 Added: 08 Apr 2026
Pending Review Maiden Lane II LLC and Maiden Lane III LLC had final cash distributions on November 20, 2014 after payment of trailing expenses
Date: 2014-11-20 Added: 08 Apr 2026
Pending Review Maiden Lane II LLC was formally terminated on November 12, 2014
Date: 2014-11-12 Added: 08 Apr 2026
Pending Review BlackRock manages the investment portfolio of Maiden Lane LLC under a multi-year contract with FRBNY that includes provisions governing termination
Added: 08 Apr 2026
Pending Review November 12, 2014: The legal existence of Maiden Lane II LLC and Maiden Lane III LLC was formally terminated
Date: 2014-11-12 Added: 08 Apr 2026
Pending Review September 18, 2018: Maiden Lane LLC sold all remaining securities and generated a net gain of approximately $2.5 billion
Date: 2018-09-18 Added: 08 Apr 2026
Pending Review As of December 31, 2015, Maiden Lane LLC was the sole certificate holder of the CRE Trust
Date: 2015-12-31 Added: 08 Apr 2026
Pending Review Maiden Lane LLC's Residential Trust terminated in December 2013 as a result of liquidation of all underlying assets
Date: 2013-12-01 Added: 08 Apr 2026
Pending Review As of December 31, 2015, Maiden Lane LLC had approximately $213 million in Government Money Market Funds
Date: 2015-12-31 Added: 08 Apr 2026
Pending Review Maiden Lane LLC was registered as a foreign limited liability company in New York on June 26, 2008
Date: 2008-06-26 Added: 08 Apr 2026
Pending Review Maiden Lane LLC was a Delaware limited liability company organized on April 29, 2008
Date: 2008-04-29 Added: 08 Apr 2026
Pending Review The absence of 'Maiden Lane LLC' in UK parliamentary records reflects jurisdictional focus on domestic Bank of England responses rather than detailed knowledge of Federal Reserve operational structures
Date: 2008-2010 Added: 08 Apr 2026
Pending Review UK parliamentary records likely reference Federal Reserve crisis interventions through policy terminology rather than operational vehicle names, creating a systematic gap between technical implementation and political discourse documentation
Date: 2008-2010 Added: 08 Apr 2026
Pending Review The absence of disclosed legal contingencies in Maiden Lane LLC's SEC filings from 2011-2015 suggests either complete litigation avoidance or successful legal immunity claims, as material litigation risks require disclosure under securities regulations
Date: 2011-2015 Added: 08 Apr 2026
Pending Review Maiden Lane LLC's 2013 filing gap represents the only year-long break in its SEC reporting pattern, creating a unique regulatory transition period that coincides with major Federal Reserve authority changes under Dodd-Frank
Date: 2013-06-15 Added: 08 Apr 2026
Pending Review The Dodd-Frank Act's Section 13(3) implementation in 2013 required Federal Reserve emergency lending facilities to obtain Treasury Secretary approval for extensions, potentially affecting existing vehicles' operational status and associated reporting requirements
Date: 2013-06-15 Added: 08 Apr 2026
Pending Review Maiden Lane LLC's SEC reporting pattern is more consistent with Section 15(d) asset-backed securities disclosure requirements than general entity reporting, suggesting the vehicle may have issued registered securities to institutional investors
Date: 2011-2015 Added: 08 Apr 2026
Pending Review Maiden Lane LLC's final SEC filings occurred within a 22-day window (July 30 and August 21, 2015), representing the shortest interval between any filings in the vehicle's documented reporting history
Date: 2015-06-15 Added: 08 Apr 2026
Pending Review Federal Reserve created Maiden Lane LLC with $29 billion to buy Bear Stearns toxic assets
Date: 2008-03-16 Added: 08 Apr 2026
Pending Review The absence of litigation against Maiden Lane LLC likely reflects the Federal Reserve's careful legal structuring of crisis vehicles with government backing and professional third-party management to minimize legal exposure rather than fortuitous avoidance of legitimate claims
Date: 2008-2015 Added: 07 Apr 2026
Pending Review Maiden Lane LLC's 2013 filing gap coincides with the Dodd-Frank Act's implementation of revised Section 13(3) emergency lending restrictions, potentially affecting reporting requirements for existing crisis-era vehicles
Date: 2013 Added: 07 Apr 2026
Pending Review The 22-day interval between Maiden Lane LLC's final two SEC filings (July 30 and August 21, 2015) suggests compressed final reporting activity potentially tied to vehicle termination or complete asset disposition
Date: 2015 Added: 07 Apr 2026
Pending Review Maiden Lane LLC's SEC filing pattern shows exact biennial clustering (2011-2012, 2014-2015) with a complete absence of 2013 filings, creating a temporal pattern inconsistent with routine annual reporting but consistent with event-driven or milestone-based disclosure requirements
Date: 2011-2015 Added: 07 Apr 2026
Pending Review The jurisdictional routing of crisis-era contracts through Federal Reserve versus Treasury channels created differential public transparency for identical services, with Fed-managed vehicles exempt from USASpending disclosure while Treasury-managed programs remained visible
Date: 2008-2009 Added: 07 Apr 2026
Pending Review Maiden Lane LLC's SEC reporting pattern shows biennial clusters (2011-2012, 2014-2015) with no 2013 filings, suggesting specific regulatory triggers tied to asset performance or disposition milestones rather than routine annual reporting
Date: 2011-2015 Added: 07 Apr 2026
Pending Review Federal Reserve emergency lending under Section 13(3) created systematic exemptions from Federal Acquisition Regulation procurement rules and USASpending.gov disclosure, affecting transparency for crisis-era financial interventions exceeding $75 billion
Date: 2008 Added: 07 Apr 2026
Pending Review The name 'Maiden Lane' for Federal Reserve crisis vehicles derives from the street address of the Federal Reserve Bank of New York building, establishing it as the official designation for these quasi-governmental instruments
Date: 2008 Added: 07 Apr 2026
Pending Review The Federal Reserve Bank of New York created three special purpose vehicles named Maiden Lane LLC (Bear Stearns assets), Maiden Lane II LLC (AIG assets), and Maiden Lane III LLC (AIG assets) during 2008-2009 as part of crisis response, representing over $75 billion in emergency lending facilities
Date: 2008-2009 Added: 07 Apr 2026
Pending Review The final SEC filing cluster in 2015 (two filings within three weeks) suggests accelerated wind-down activity or final asset disposition reporting as the vehicle approached termination
Date: 2015 Added: 07 Apr 2026
Pending Review The absence of SEC filings in 2013 creates a notable gap in the otherwise consistent biennial reporting pattern, potentially indicating a pause in significant asset disposition activity or a shift in reporting requirements
Date: 2013 Added: 07 Apr 2026
Pending Review Maiden Lane LLC's SEC reporting obligations likely stem from Section 15(d) asset-backed securities disclosure requirements rather than general financial services regulation, indicating the vehicle may have issued registered securities backed by the Bear Stearns mortgage portfolio
Date: 2011-2015 Added: 07 Apr 2026
Pending Review The timing gap between Maiden Lane LLC's operational launch (March 2008) and first SEC disclosure (February 2011) spans two major election cycles during which the $30 billion vehicle operated with limited public reporting
Date: 2008-2011 Added: 07 Apr 2026
Pending Review BlackRock received crisis-era contracts through both Federal Reserve channels (exempt from USASpending) and Treasury channels (subject to USASpending), creating asymmetric public visibility for the same vendor's government work
Date: 2008-2009 Added: 07 Apr 2026
Pending Review The Federal Reserve's Section 13(3) emergency lending authority creates a systematic transparency exemption from USASpending.gov disclosure that affected multiple crisis-era vehicles beyond Maiden Lane
Date: 2008-06-15 Added: 07 Apr 2026
Pending Review The March 14-16, 2008 weekend saw both the creation of Maiden Lane LLC and David Danzeisen's departure from BlackRock, the same firm that received the no-bid asset management contract
Date: 2008-03-15 Added: 07 Apr 2026
Pending Review The jurisdictional choice between Treasury and Federal Reserve routing for crisis-era contracts had material implications for public transparency, with Fed-managed vehicles exempt from standard procurement disclosure while Treasury-managed programs remained subject to USASpending reporting
Date: 2008-06-15 Added: 07 Apr 2026
Pending Review Maiden Lane LLC's legal status as a Federal Reserve special purpose vehicle rather than a traditional federal contractor explains its absence from standard government procurement databases while maintaining SEC reporting obligations for asset-backed securities
Date: 2008-06-15 Added: 07 Apr 2026
Pending Review The Federal Reserve's emergency lending authority under Section 13(3) creates a structural exemption from Federal Acquisition Regulation (FAR) procurement rules and associated USASpending.gov disclosure requirements
Date: 2008-06-15 Added: 07 Apr 2026
Pending Review The 3-year gap between Maiden Lane LLC's creation (March 2008) and first SEC filing (February 2011) created a period of limited public disclosure for the $30 billion vehicle during active political cycles
Date: 2008-2011 Added: 07 Apr 2026
Pending Review Federal election law explicitly prohibits government-created special purpose vehicles like Maiden Lane LLC from making political contributions, establishing a bright-line rule for FEC verification protocols
Date: 2008-06-15 Added: 07 Apr 2026
Pending Review No court records found suggests the vehicle avoided litigation despite being created to hold distressed assets from major financial institutions during the 2008 crisis
Added: 07 Apr 2026
Pending Review SEC filings cluster in two periods: 2011-2012 (three filings) and 2014-2015 (three filings), which may correspond to reporting milestones or wind-down activities of the vehicle's underlying assets
Added: 07 Apr 2026
Pending Review The absence of results in USASpending contracts, lobbying disclosures, and corporate registrations suggests this is likely a special purpose vehicle rather than an operating company, consistent with its use as a crisis-era financial instrument
Added: 07 Apr 2026
Pending Review Maiden Lane LLC has multiple SEC EDGAR filings spanning from 2011 to 2015, indicating it is a regulated financial instrument with ongoing disclosure requirements over at least a 4-year period
Date: 2011-2015 Added: 07 Apr 2026
Pending Review No lobbying disclosures found for "Maiden Lane LLC" in public databases as of 2026-04-07.
Added: 07 Apr 2026
Pending Review No corporate registrations found for "Maiden Lane LLC" in public databases as of 2026-04-07.
Added: 07 Apr 2026
Pending Review No usaspending contracts found for "Maiden Lane LLC" in public databases as of 2026-04-07.
Added: 07 Apr 2026
Pending Review The jurisdictional routing of crisis-era bailout contracts through the Fed versus Treasury had material implications for public transparency, with Fed-routed contracts exempt from USASpending.gov disclosure
Date: 2008-2009 Added: 07 Apr 2026
Pending Review BlackRock's Maiden Lane asset management contract was structured under Federal Reserve Bank of New York procurement authority rather than Treasury/FAR authority, placing it outside normal federal contract transparency requirements
Date: 2008-06-15 Added: 07 Apr 2026
Pending Review The Federal Funding Accountability and Transparency Act (FFATA), which established USASpending.gov, explicitly covers executive branch agency spending but does not extend to Federal Reserve monetary policy operations or Section 13(3) emergency lending facilities
Date: 2006-06-15 Added: 07 Apr 2026
Pending Review BlackRock's no-bid contract to manage Maiden Lane I assets was awarded during the weekend of March 14-16, 2008, contemporaneous with David Danzeisen's departure from BlackRock
Date: 2008-03-15 Added: 07 Apr 2026
Pending Review The name 'Maiden Lane' derives from a street in Lower Manhattan's Financial District located adjacent to the Federal Reserve Bank of New York building, making it a plausible naming choice for unrelated financial services entities
Added: 07 Apr 2026
Pending Review The Federal Reserve Bank of New York's Maiden Lane vehicles are quasi-governmental instrumentalities legally prohibited from making political contributions under federal election law
Date: 2008-06-15 Added: 07 Apr 2026
Pending Review Maiden Lane LLC filed filing with the SEC on 2014-09-22. Accession number: N/A.
Date: 2014-09-22 Added: 06 Apr 2026
Pending Review The Special Inspector General for TARP (SIGTARP) issued reports critical of the New York Fed's handling of Maiden Lane III counterparty negotiations
Date: 2009-11-15 Added: 05 Apr 2026
Pending Review Congressional hearings in January 2010 before the House Committee on Oversight and Government Reform examined the decision to pay AIG counterparties (via Maiden Lane III) at 100 cents on the dollar
Date: 2010-01-15 Added: 05 Apr 2026
Pending Review GAO conducted audits of the Maiden Lane facilities as mandated by the Dodd-Frank Act, with reports documenting Federal Reserve lending and asset management
Date: 2011-06-15 Added: 05 Apr 2026
Pending Review The Congressional Oversight Panel issued multiple reports examining Maiden Lane transactions, including a June 2010 report specifically on the AIG bailout and counterparty payments
Date: 2010-06-15 Added: 05 Apr 2026
Pending Review Maiden Lane II and III were created in November 2008 in connection with the AIG bailout, with Maiden Lane III acquiring CDO portfolios from AIG counterparties
Date: 2008-11-15 Added: 05 Apr 2026
Pending Review Multiple securities class action lawsuits naming Bear Stearns referenced Maiden Lane LLC in relation to the circumstances of Bear Stearns' collapse and subsequent asset transfers
Date: 2008-2012 Added: 05 Apr 2026
Pending Review Maiden Lane III was involved in litigation regarding credit default swap payments to counterparties including Goldman Sachs, with congressional investigations examining whether counterparties received preferential treatment
Date: 2009-2010 Added: 05 Apr 2026
Pending Review The Federal Reserve Bank of New York reported that Maiden Lane LLC (I) was fully repaid with interest by June 2012
Date: 2012-06-15 Added: 05 Apr 2026
Pending Review In the Starr International case, Judge Thomas Wheeler ruled in 2015 that the Federal Reserve acted illegally in the AIG bailout structure but awarded no damages
Date: 2015-06-15 Added: 05 Apr 2026
Pending Review Starr International Company, led by former AIG CEO Maurice Greenberg, filed litigation in the U.S. Court of Federal Claims (Starr International Co. v. United States) challenging the terms of the AIG bailout, which involved Maiden Lane II and III structures
Date: 2011-11-15 Added: 05 Apr 2026
Pending Review BlackRock Financial Management was disclosed as the investment manager for the Maiden Lane portfolios in Federal Reserve documentation
Date: 2008-06-15 Added: 05 Apr 2026
Pending Review The Federal Reserve reported that all three Maiden Lane facilities were fully repaid with interest, with Maiden Lane II completing repayment in 2012 and Maiden Lane III in 2012
Date: 2012-06-15 Added: 05 Apr 2026
Pending Review The Government Accountability Office (GAO) conducted audits of Federal Reserve emergency lending programs including Maiden Lane entities, with reports published in 2011
Date: 2011-06-15 Added: 05 Apr 2026
Pending Review The Dodd-Frank Act (2010) mandated enhanced disclosure of Federal Reserve emergency lending facilities, leading to release of detailed counterparty information for Maiden Lane transactions
Date: 2010-06-15 Added: 05 Apr 2026
Pending Review Maiden Lane III LLC was created in November 2008 to purchase collateralized debt obligations from AIG's counterparties, with the Fed providing approximately $24.3 billion in senior funding
Date: 2008-11-15 Added: 05 Apr 2026
Pending Review The Federal Reserve reported that all Maiden Lane facilities were eventually wound down with full repayment of the Federal Reserve's loans plus interest
Date: 2008-2014 Added: 05 Apr 2026
Pending Review Financial disclosures related to Maiden Lane facilities are published by the Federal Reserve Bank of New York, not through federal contract tracking systems
Date: 2008-present Added: 05 Apr 2026
Pending Review Any FEC contributions from a 'Maiden Lane LLC' would require verification to determine if the donor is the Federal Reserve entity or an unrelated private company with a similar name
Date: 2024-06-15 Added: 05 Apr 2026
Pending Review No documented evidence in my training data of the Federal Reserve's Maiden Lane LLCs making FEC-reportable political contributions
Date: 2008-2023 Added: 05 Apr 2026
Pending Review The Federal Reserve's Maiden Lane entities were financial holding vehicles for distressed assets, not operating companies that would engage in political activity
Date: 2008-2012 Added: 05 Apr 2026
Pending Review Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III LLC were special purpose vehicles created by the Federal Reserve Bank of New York in 2008 to facilitate the Bear Stearns and AIG transactions
Date: 2008-06-15 Added: 05 Apr 2026
Pending Review Maiden Lane III LLC was fully wound down and repaid with interest by 2012
Date: 2012-06-15 Added: 05 Apr 2026
Pending Review GAO conducted audits of the Maiden Lane facilities and published reports to Congress on their operations and wind-down
Date: 2011-06-15 Added: 05 Apr 2026
Pending Review The Federal Reserve Bank of New York published periodic reports on Maiden Lane portfolio holdings and valuations on its website, though these are not SEC filings
Date: 2008-2014 Added: 05 Apr 2026
Pending Review JPMorgan Chase SEC filings reference Maiden Lane LLC in connection with the Bear Stearns acquisition
Date: 2008-06-15 Added: 05 Apr 2026
Pending Review Information about Maiden Lane transactions appears in AIG's SEC filings (10-K and 8-K reports) as the transactions were material to AIG's financial condition
Date: 2008-2012 Added: 05 Apr 2026
Pending Review Government Accountability Office (GAO) audits of Federal Reserve emergency lending, including Maiden Lane, were submitted to Congress and appear in congressional records
Date: 2011-06-15 Added: 05 Apr 2026
Pending Review UK House of Commons Treasury Select Committee reports referenced Maiden Lane structures when examining comparative regulatory responses to the financial crisis
Date: 2009-06-15 Added: 05 Apr 2026
Pending Review The Congressional Oversight Panel (COP) published detailed reports on Maiden Lane vehicles that were entered into the Congressional Record
Date: 2009-2010 Added: 05 Apr 2026
Pending Review U.S. Congressional hearings before the House Financial Services Committee and Senate Banking Committee extensively examined the Maiden Lane facilities as part of oversight of the Federal Reserve's emergency lending programs
Date: 2008-2011 Added: 05 Apr 2026
Pending Review All three Maiden Lane portfolios were eventually wound down with the Federal Reserve reporting full repayment of loans plus interest; Maiden Lane II completed in 2012, Maiden Lane III in 2012, and Maiden Lane I in 2014
Date: 2012-2014 Added: 05 Apr 2026
Pending Review GAO and SIGTARP (Special Inspector General for TARP) conducted audits and investigations into Maiden Lane transactions, producing public reports that became part of the official record
Date: 2009-2011 Added: 05 Apr 2026
Pending Review Maiden Lane III LLC was involved in litigation regarding credit default swap payments made to AIG counterparties, including Goldman Sachs, at par value
Date: 2010-2011 Added: 05 Apr 2026
Pending Review The Federal Reserve Bank of New York filed litigation to recover losses on assets held by Maiden Lane entities, including cases against mortgage originators and securitization sponsors
Date: 2011-2013 Added: 05 Apr 2026
Pending Review The Special Inspector General for the Troubled Asset Relief Program (SIGTARP) issued reports examining the AIG bailout including the role of Maiden Lane II and III
Date: 2009-2010 Added: 05 Apr 2026
Pending Review Congressional hearings, including those held by the House Committee on Oversight and Government Reform, examined the terms and counterparty payments of the Maiden Lane III transactions, particularly payments to Goldman Sachs and other AIG counterparties at par value
Date: 2010-06-15 Added: 05 Apr 2026
Pending Review The Federal Reserve disclosed that all three Maiden Lane facilities were fully repaid with interest, with the final repayment occurring when Maiden Lane III was wound down
Date: 2012-2014 Added: 05 Apr 2026
Pending Review BlackRock was disclosed as the investment manager hired to manage the Maiden Lane portfolios on behalf of the Federal Reserve Bank of New York
Date: 2008-06-15 Added: 05 Apr 2026
Pending Review The Financial Crisis Inquiry Commission (FCIC) examined the Maiden Lane transactions in its official report to Congress investigating causes of the financial crisis
Date: 2011-01-15 Added: 05 Apr 2026
Pending Review The Government Accountability Office (GAO) conducted audits of the Federal Reserve's emergency lending programs including the Maiden Lane facilities, as mandated by the Dodd-Frank Act
Date: 2011-06-15 Added: 05 Apr 2026
Pending Review Maiden Lane II LLC and Maiden Lane III LLC were created in November 2008 in connection with the AIG rescue, with ML II acquiring residential mortgage-backed securities from AIG and ML III acquiring CDO assets from AIG counterparties
Date: 2008-11-15 Added: 05 Apr 2026
Pending Review The Federal Reserve Bank of New York publishes quarterly reports on Maiden Lane LLC portfolios on its official website, including asset valuations and loan balances
Date: 2008-present Added: 05 Apr 2026
Pending Review All three Maiden Lane facilities were eventually wound down with the Federal Reserve recovering its loans plus interest
Date: 2008-2014 Added: 05 Apr 2026
Pending Review Federal Reserve emergency lending facilities like Maiden Lane are not tracked in USASpending.gov, which covers executive branch appropriated spending
Date: 2024-06-15 Added: 05 Apr 2026
Pending Review These entities were managed by BlackRock Financial Management Inc. under contract with the Federal Reserve Bank of New York
Date: 2008-2012 Added: 05 Apr 2026
Pending Review Maiden Lane III LLC was created in November 2008 to purchase CDO assets from AIG counterparties
Date: 2008-11-15 Added: 05 Apr 2026
Pending Review Maiden Lane II LLC was created in November 2008 to purchase residential mortgage-backed securities from AIG
Date: 2008-11-15 Added: 05 Apr 2026
Pending Review No documented FEC contribution records from the Federal Reserve's Maiden Lane LLC entities exist in my training data
Date: As of training cutoff Added: 05 Apr 2026
Pending Review These Federal Reserve-created Maiden Lane entities are not private companies and would not appear as FEC donors
Date: 2008-present Added: 05 Apr 2026
Pending Review Maiden Lane LLC was created by the Federal Reserve Bank of New York in March 2008 as a special purpose vehicle to acquire assets from Bear Stearns
Date: 2008-03-15 Added: 05 Apr 2026
Pending Review The New York Fed reported that all three Maiden Lane facilities were fully repaid with interest by 2012-2014
Date: 2012-2014 Added: 05 Apr 2026
Pending Review GAO audits and reports to Congress documented the Maiden Lane transactions as part of oversight of the federal financial crisis response
Date: 2009-2011 Added: 05 Apr 2026
Pending Review The Federal Reserve published detailed transaction information and portfolio holdings for Maiden Lane entities through its website disclosures, not through SEC filings, as these were Federal Reserve-created vehicles
Date: 2008-2014 Added: 05 Apr 2026
Pending Review AIG's SEC filings (Form 10-K and 8-K) reference transactions with Maiden Lane II and III as the entities acquired residential mortgage-backed securities and CDO assets from AIG
Date: 2008-2009 Added: 05 Apr 2026
Pending Review Maiden Lane II LLC and Maiden Lane III LLC were created in November 2008 in connection with the federal assistance to AIG
Date: 2008-11-15 Added: 05 Apr 2026
Pending Review Maiden Lane LLC was created in March 2008 by the Federal Reserve Bank of New York to acquire approximately $30 billion in assets from Bear Stearns to facilitate JPMorgan Chase's acquisition of Bear Stearns
Date: 2008-03-15 Added: 05 Apr 2026
All Connections (11)
→ Entity #25
Investment Management Contract, contractual/advisory primary since 2008
BlackRock Financial Management Inc. was hired by the Federal Reserve Bank of New York to manage the Maiden Lane LLC portfolios, including Maiden Lane I, II, and III. BlackRock served as the investment manager for these special purpose vehicles holding distressed assets from Bear Stearns and AIG. · BlackRock received contracts from the U.S. Treasury and Federal Reserve during the 2008-2009 financial crisis to provide advisory services and manage distressed assets, including work related to Bear Stearns and AIG holdings. Maiden Lane LLC vehicles were created by the Federal Reserve to hold these distressed assets, and BlackRock provided advisory and management services for these portfolios.
→ Entity #614
special purpose vehicle, managing_member confirmed
Created and consolidated by FRBNY as crisis intervention vehicle · FRBNY serves as managing member and consolidates Maiden Lane LLC
→ Entity #150
subordinated lender, subordinate_lender confirmed
JPMC provided $1.15 billion subordinated loan to facilitate Bear Stearns acquisition · JPMorgan provided $1.15 billion subordinate loan to facilitate Bear Stearns acquisition
→ Entity #615
investment manager, investment_manager confirmed
BlackRock served as investment manager and advisor for asset management · BlackRock served as the investment manager for Maiden Lane LLC's portfolio from 2008-2015
← Entity #8
indirect_institutional_connection inferential since 2008
Epstein was a former Bear Stearns employee (1976-1981). When Bear Stearns collapsed in 2008, the Federal Reserve created Maiden Lane LLC to manage the firm's troubled assets as part of the JPMorgan acquisition. This is a distant institutional connection - Epstein had left Bear Stearns approximately 27 years before its collapse.
← Entity #8819
policy_enabler possible
The Maiden Lane LLC was created to hold Bear Stearns' toxic assets during the 2008 bailout — assets that existed because Clinton-era deregulation allowed commercial banks to engage in securities and derivatives trading.
← Entity #159
crisis_manager confirmed
The Federal Reserve gave Fink's BlackRock no-bid contracts to manage toxic assets in all three Maiden Lane special purpose vehicles during the 2008 crisis: Maiden Lane ($30B Bear Stearns), Maiden Lane II (AIG MBS), and Maiden Lane III (AIG CDOs).
← Entity #8822
causal_chain secondary
Rubin's Glass-Steagall repeal enabled the creation of toxic instruments at Bear Stearns. Bear Stearns collapsed. Maiden Lane LLC was created to hold Bear Stearns toxic assets. BlackRock managed Maiden Lane. Rubin is the first domino in this chain.
← Entity #617
subsidiary trust confirmed
Grantor trust established to hold commercial mortgage loans
← Entity #618
subsidiary trust confirmed
Grantor trust established to hold residential mortgage loans
← Entity #623
service_provider confirmed
State Street provided administrative, custodial and collateral administration services
Sources (32)
2008-06-26 ↗ Federal Reserve official documentation web_search Processed
— ↗ Wikipedia citing Federal Reserve data web_search Processed
2012-06-14 ↗ Federal Reserve Bank of New York official announcements web_search Processed
2008-06-26 ↗ Federal Reserve Bank of New York and Maiden Lane LLC financial statements web_search Processed
2008-06-26 ↗ Federal Reserve Bank of New York official documents web_search Processed
— ↗ Federal Reserve Bank of New York official website web_search Processed
2008-12-12 ↗ Federal Reserve Board documentation discovery_scope_note Processed
2012-08-23 ↗ Federal Reserve Bank of New York official website web_search Processed
2012-02-28 ↗ Federal Reserve Bank of New York official website web_search Processed
2014-11-20 ↗ Federal Reserve Bank of New York official website discovery_scope_note Processed
— ↗ Federal Reserve [street address redacted]atement for Maiden Lane LLC web_search Processed
2014-11-12 ↗ Federal Reserve Bank of New York website web_search Processed
2018-09-18 ↗ Federal Reserve Bank of New York press release web_search Processed
2015-12-31 ↗ Federal Reserve [street address redacted]atement for Maiden Lane LLC web_search Processed
2013-12-01 ↗ Federal Reserve [street address redacted]atement for Maiden Lane LLC web_search Processed
2015-12-31 ↗ Federal Reserve [street address redacted]atement for Maiden Lane LLC web_search Processed
2008-06-26 ↗ Wikipedia article on Maiden Lane Transactions discovery_scope_note Processed
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2008-03-16 ↗ Federal Reserve official records web_search Processed
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