Federal Home Loan Bank System Provides Billions to Banks
Bloomberg Businessweek
00:00
The Affordable Housing Program Is a Big Problem
A bank can actually tap more than one FHLB. Senator Cortez Masto has a bill in there trying to bring the number dedicated to the affordable housing program much higher. There are other people looking at this and the FHFA who regulates all of these banks is doing a hundred year review and giving their recommendations to Congress. It certainly seems like all of the dirt that was kicked up earlier this year is going to come to a head at some point.
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