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"The Federal Home Loan Bank has become a de facto piggy bank for private equity and insurance companies."
"There is no oversight over how these loans are used."
"It’s as if a corporate giant shows up to a food bank and takes all the supplies."
Just in case you need to understand why they want to gut #HUD and sell off the pieces, except #FHEO. They have buried that part after a big fire.
https://www.levernews.com/the-looting-of-americas-affordable-housing-fund/
The Lever · The Looting Of America’s Affordable Housing FundPrivate equity firms are diverting billions from a Great Depression-era mortgage program — and making huge profits.