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

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.

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