Will FHLBs Follow Fannie, Freddie into Bankruptcy?
September 23, 2009
A new independent research analysis questions whether the Federal Home Loan Banks are holding onto toxic assets that might drive the entities into the arms of the federal government for another rescue a la Fannie Mae and Freddie Mac. “In the last six months, they collapsed their balance sheet by $200 billion, from $1.349 trillion to $1.148 trillion of assets,” said Casey Research analyst...