Fed says paper profit on Maiden Lane I - so why not sell?

Seriously. We mean it.  If the old Bear Stearns mortgage assets are truly profitable, then sell the whole portfolio, book the profit, and be done with it.  

Or... Maybe explain to the American taxpayers why the Fed wouldn't take $29 billion in bailout money, plus profits, off the table.

The Financial Times has the details.  

FT.com / Companies / Financial Services - Fed reports paper profit on Bear and AIG bail-outs

www.ft.com

Raises hope of repayment to US public