``Now, reports are surfacing that suggest that the FHLBs themselves are running into their own problems, from owning billions in toxic mortgage bonds that are becoming worthless. Moody’s Investors Service said in a report earlier this week that the Federal Home Loan Bank System’s $76.2 billion private-label MBS portfolio contained $13.5 billion in unrealized losses at the end of Q3; values have likely fallen further since that time.''


tvsterling at 22:21 2009-01-11 said:
At first reading this system looks better to me for more federal help than the big pigs at the trough now. The costs of a bailout here look more modest & more definable than the present goat fuck. Permalink

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