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Government-backed lenders provided $30B to three failed banks. Lawmakers want to know why.

Por: Politico Business April 15, 2023

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The Federal Home Loan Banks, a group of government-sponsored lenders whose mission is to finance housing and community development, loaned tens of billions of dollars to three crypto-friendly banks before they failed last month. Those loans are raising alarms among U.S. lawmakers, including Senate Banking Chair Sherrod Brown, and sparking calls for stricter supervision. The Home Loan Banks — 11 federally chartered regional lenders that control... + full article



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