40 Years In The Deserr
The Further Adventures of Matthew Saroff,
Itinerant Engineer
Wednesday, January 14, 2009
Another GSE Headed for a Crash?
This time, it's the
Federal Home Loan Banks that look to be running out of capital
because of losses in mortgages.
They are nominally owned by member banks, and Moody's is saying that as few of 4 of the 12 regional banks may remain solvent.
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