This time, it’s the Federal Home Loan Banks that look to be running out of capital because of losses in mortgages.
They are nominally owned by member banks, and Moody’s is saying that as few of 4 of the 12 regional banks may remain solvent.
This time, it’s the Federal Home Loan Banks that look to be running out of capital because of losses in mortgages.
They are nominally owned by member banks, and Moody’s is saying that as few of 4 of the 12 regional banks may remain solvent.