Episode 273: Special Report: Federal Home Loan Banks under fire!

This episode is a special report as the Federal Home Loan Banking System (FHLB) is under fire from the Federal Housing Finance Agency (FHFA). The FHFA is seeking to radically change the FHLB system by pushing a dramatic increase in affordable housing, climate change, and DEI politics. The episode examines multiple papers and reports to explain the chain of events that have led to this moment. The episode also reviews the history of the FHLB, their members, and why the FHLB should be left alone. Links to the reports are included below.  

Link: Federal Home Loan Banks and Financial Stability | Journal of Financial Regulation | Oxford Academic

Link: FHLBank-System-at-100-Report.pdf | FEDERAL HOUSING FINANCE AGENCY

Link: GAO-24-106957: Federal Home Loan Banks: Actions Related to the Spring 2023 Bank Failures

Link: summary-of-fhlb-system-at-100-report.pdf