Federal Home Loan Bank System Provides Billions to Banks
Bloomberg Businessweek
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The Federal Home Loan Bank System
Bloomberg News Senior Wealth reporter Heather Perlberg wrote it. It is one of our most read stories on the Bloomberg today. So what they are is a system of 11 banks that is sort of a depression era relic. Now it's turned into this arcane kind of web that is really helping finance banks, helping them with daily liquidity management and doing lots of things that have nothing to do with housing.
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