Thursday, June 28, 2012

What the Hell's Going On HERE? "Home Loans" and "Foreign Banks"??

This graf ought to engender a reaction from all three of you faithful readers:

The U.S. Federal Home Loan Banks’ unsecured lending to foreign institutions skyrocketed last year as the European sovereign debt crisis intensified, raising concerns about their risk management, an auditor’s report said today.

U. S. Home Loan Banks.

Lending to foreign institutions.


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