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 cannot tell you how excited I am about her nomination to become the Librarian of Congress.
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.