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.
Bloomberg News Senior Wealth Reporter Heather Perlberg talks about how a $1.5 trillion program for home buyers is propping up banks. Chris Miller, Associate Professor at Tufts University and author of Chip War: The Fight for the World's Most Critical Technology, shares his insight on the latest news from the volatile semiconductor industry. Dr. Ellen Wald, President of Transversal Consulting, discusses Saudi Arabia’s pledge to shave an extra 1 million barrels-a-day from its production in July. And we Drive to the Close with Lisa Erickson, Head of Public Markets Group at U.S. Bank Wealth Management.
Hosts: Carol Massar and Matt Miller. Producer: Paul Brennan.
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