Fed sells toxic AIG assets to European banks (CBS/AP) WASHINGTON - The Federal Reserve Bank of New York says it has sold a portion of the toxic mortgage securities it assumed from American International Group as part of the massive taxpayer bailout of the big insurer. It says the buyers are Barclays Capital (BCS) and Deutsche Bank (DB), which won in competitive bidding. It said they were sold at a "desirable" price that "significantly exceeds" what it paid for them. But it said it won't disclose that price until July. The government provided $182.5 billion to rescue AIG from collapse in the 2008 financial crisis. That included $114 billion from the Fed. The toxic assets were in the so-called Maiden Lane III portfolio, created to buy the securities, repay debt and provide capital for some AIG operations.