The Federal Reserve Bank of New York plans to continue with its Maiden Lane II (ML II) asset sales despite opposition from some securitization market participants.

According to market reports, in its next ML II auction, the Fed will sell 29 subprime bonds. The deadline for submitting bids on the latest list is 1 p.m. EDT Thursday. Winners will be notified the same day around 2:30 p.m.

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