Word: fhlb
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...father when no commercial flights were available. Cost: nearly $14,000. His wife Monique spent close to $12,000 on air travel, hotel rooms and meals while accompanying Gray on business trips. The problem: these bills were paid with industry funds provided by the twelve regional banks of the FHLB system. Last week Gray said he had personally repaid the full...
Gloomiest observer was the Federal Home Loan Bank Administration. Over & over again during the past two years FHLB Commissioner John H. Fahey has warned that every type of financial insti tution has been making "reckless" loans, that the "unsound wartime realty boom" could have but one end: a postwar wave of foreclosures that might make the last depression look like a sideshow...
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