Sep 9, 2003
I mean, what is the purpose of this? I mean, from the point of view of the institution, it is a good deal, but what is the public purpose of it?
Paul S. Sarbanes
The Public Record
Paul S. Sarbanes is a former U.S. Senator from Maryland, serving from 1977 to 2007. A member of the Democratic Party, Sarbanes was known for his work on financial regulation and consumer protection. He played a significant role in the passage of the Sarbanes-Oxley Act in 2002, which aimed to enhance corporate governance and accountability in the wake of major financial scandals. Throughout his career, Sarbanes focused on issues such as education, healthcare, and the environment, advocating for policies that benefited Maryland residents and the broader American public.
congress.gov
Sep 9, 2003
I guess that raises the question, you know, what is the purpose of the System and why should the Home Loan Banks be devoting or providing low-cost funding to such large institutions which have direct access to the capital markets…
Sep 9, 2003
I must say, in both instances, I, it is my own position, that the board cannot do this without coming back to Congress for a statutory change.
Sep 9, 2003
If banks are put into a position of competing with each other for members... what danger do you see in the possibility that Banks would engage in a race to the bottom?
Sep 9, 2003
I understand that the majority of the loans held by the Bank System are jumbo loans, beyond the conforming limits; is that correct?
Sep 9, 2003
What is your view, expressed by some, that the exposure to risk that the Home Loan Bank System is engaged in is increasing and that poses a potentially significant public policy question?
Jul 22, 2003
I appreciate that. I wanted to just say that I am pleased to welcome these witnesses: Thomas Curry, who has been nominated to be on the Board of Directors of the Federal Deposit Insurance Corporation, and Alicia Castaneda, who has been…