Mises Daily
Author:
John Paul Koning
Online Publish Date:
For those who have been speculating on how the government might bail out participants in the collapsing US subprime mortgage market, an unlikely savior has stepped forward: the Federal Home Loan Banks (FHLB). Compared to their limelight-hogging cousins — the Federal Reserve, Freddie Mac, and Fannie Mae — the FHL Banks don’t get much press. But