Home Loan Bank System - What's the Rip Off?

A year ago, Silicon Valley Bank didn't even appear on the top list of borrowers from the Federal Home Loan Bank of San Francisco. Within a year, they vaulted to number one, $20 billion of outstanding advances. Silvergate, at the time of its failure, had over $4 billion of outstanding loans. So I kind of look there, that's a classic red flag. If you go back to 2007, country wide, Washington mutual, all those folks were the ones that were running to the Home Loan Bank System in 2007,. long after the market had started to dry up on the asset that they were over- invested in.