New GAO Report on FHLBanks Highlights Mission-Creep of This GSE Into the Profitable Business of Supporting Failing Banks
Earlier this week the GAO (U.S. Government Accountability Office) publicly released a new report that evaluates the actions that the Federal Home Loan Banks of San Francisco and New York (FHLBank SF and NY) took leading up to the regional bank failures of spring 2023. GAO wrote this report in response to a request from … Continued