ABA misses the mark in its defense of the Federal Home Loan banks

Abstract

Frida Ghitis: The Federal Home Loan Bank System's mission should be reevaluated. She says the system's defense of the system relies on the same tropes and half-truths that have underpinned it for decades. Ghitis says the banks that own them the Home Loan banks are a reliable source of dividend income. In 2021, only 0.28% of thesystem’s assets was devoted to affordable housing. The prospects for 2022 based on first-quarter data are not encouraging. But the prospects for this is not encouraging, she says. For all, this is a badge of honor or a fig leaf. Is this a badge-of-honor or a figure of honor and a fig-leap of honor, or a Fig-leappear.