The Federal Home Loan Banks saw a potentially serious threat to their booming advance business emerge last week, when financial regulators, major banks and securities dealers participated in the launch of a new initiative to bolster the developing covered bond market in the U.S. “We’re concerned about the covered bond market here in this country because it competes with our advances...
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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