Reassessing the Emergency Lending Role of Federal Home Loan Banks
Also, a PCAOB board member claps back at Sen. Warren; SEC X account hacker indicted
As officials conducted a post-mortem of last year's banking crisis, a glaring trend stood out. Silicon Valley Bank and its peers, strapped for cash in the months ahead of their demise, had beaten a path to their local Federal Home Loan Bank. The home loan banks, in turn, were happy to oblige. One even advanced $5 billion to a troubled lender – on the la…