October 10, 2024. With the onslaught of news heralding the FHLB’s budding voluntary programs, I’ll refrain from commenting today…(sort of)
But, after all is said and done, after the income is counted, and the bills are paid, the FHLBs voluntarily contribute just 5% of the largesse. One dollar out of twenty.
Where do the other 19 go? It’s not taxes, they don’t pay taxes.