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 themselves?
Senator Sarbanes questions the purpose of funding large institutions through Home Loan Banks.
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More from Paul S. Sarbanes
I think a Secretary who adopts a unilateralist approach in the international environment may miss important opportunities to prevent conflicts and to build alliances.
I am pleased to join with Senator Cardin and Senator Mikulski sending in a letter in very strong support of Sarah Bloom Raskin to go on the Federal Reserve Board.
I find this troubling. I guess I find any chart that all of a sudden seems to leap out in some different direction from what we have generally been experiencing a matter of concern.
In my view, it portrays clearly unacceptable practices on the part of a number of short-term lenders.