As our in-depth analysis earlier today makes clear, FHFA’s RFI on FHLB mission compliance outlines a regulatory rewrite intended to handcuff Home Loan Banks not just to the housing mission expressly set in law, but also to a broader vision of the public good the agency believes the System’s taxpayer benefits are meant to serve.  Home Loan Banks don’t exactly see it that way, but their hand is weak unless or until the election gives them new allies….

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