Federal Home Loan Bank System Provides Billions to Banks
Bloomberg Businessweek
00:00
The Rules for Taping Into Home Lending
The rules are, they basically look at the collateral you pledge. It's sort of like a private club and once you're in your end, the rules are kind of nebulous. You can pledge mortgage-backed securities, real estate assets, all kinds of things for collateral and then they just give you money. Which is a problem if that collateral turns out to not be so great, right?
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