Buck Up, Nonbanks. The FHLB of Chicago is on Your Side in the Battle Over ‘Captives’ Joining the System
July 26, 2018
If nonbanks and real estate investment trusts eventually gain access to the Federal Home Loan Bank system – and the discount borrowing window – they can credit the FHLBank of Chicago, which continues to push the membership issue in Congress.
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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