FDR era Federal Homeowner’s Loan Bank now a Trillion dollar slush fund bailout program for gambling banks.

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by welp007

It comes with zero risk to the banks, while US taxpayers are 100% on the hook for their bad bets. It’s questionable use has exponentially risen in the past year.

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Soaring use of the FHLB slush fund.

I did a recent video on the FHLB's. Founded to support mortgages, now they just bail out bankers.https://t.co/tbbwIMCojZ pic.twitter.com/U3fgcRKvDY

— Peter St Onge, Ph.D. (@profstonge) August 31, 2023

See also U.S. Banks are now facing $515 billion in unrealized losses - Probably Fine