Volume 8 - Number 14
July 1, 2009
FHLB Advances Face Threat In Covered Bond Legislation
Federal Home Loan Bank representatives were not thrilled to learn that a member of Congress has once again introduced legislation that would put covered bonds on a more equal footing with mortgage-backed securities under rules governing failed banks. The Federal Deposit Insurance Corp. has issued formal policy statements affirming that it would respect the rights of...
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