Current:Home > ScamsThe banking system that loaned billions to SVB and First Republic-Angel Dreamer Wealth Society D1 Reviews & Insights
The banking system that loaned billions to SVB and First Republic
View Date:2024-12-23 19:04:07
Four major banks in the U.S. have collapsed this year. All of them, including First Republic, borrowed money from institutions called Federal Home Loan Banks before their demise. These little-known banks keep showing up in periods of banking turmoil, but they were actually designed to support homeownership and affordable housing. Today on the show, how the Federal Home Loan Banks have become a lender-of-almost-last-resort for financial institutions in trouble.
Music by Drop Electric. Find us: Twitter / Facebook / Newsletter.
Subscribe to our show on Apple Podcasts, Spotify, Pocket Casts and NPR One.
For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.
veryGood! (137)
Related
- Waymo’s robotaxis now open to anyone who wants a driverless ride in Los Angeles
- Cattle wander onto North Dakota interstate and cause 3 crashes
- Amazon Prime Day 2024: 30% Off Laneige Products Used by Sydney Sweeney, Porsha Williams & More
- Scarlett Johansson Shares Skincare Secrets, Beauty Regrets & What She's Buying for Prime Day 2024
- Why have wildfires been erupting across the East Coast this fall?
- Daniel Craig opens up about his 'beautiful,' explicit gay romance 'Queer'
- October Prime Day 2024: Get the Viral COSRX Snail Mucin for Under $12 & Save Big on More COSRX Must-Haves
- What polling shows about Black voters’ views of Harris and Trump
- Golden Bachelorette: Joan Vassos Gets Engaged During Season Finale
- Drake Bell Details His Emotional Rollercoaster 6 Months After Debut of Quiet on Set
Ranking
- Ready-to-eat meat, poultry recalled over listeria risk: See list of affected products
- How long does COVID live on surfaces? Experts answer your coronavirus FAQs.
- Movie armorer on Alec Baldwin’s film ‘Rust’ pleads guilty to gun charge in separate case
- Former No. 1 MLB draft pick Matt Bush arrested for DWI after crash in Texas
- 13 Skincare Gifts Under $50 That Are Actually Worth It
- Why Lisa Marie Presley Kept Son Benjamin Keough's Body on Dry Ice for 2 Months After His Death
- What are legumes? Why nutrition experts love TikTok's dense bean salad trend
- Dancing With the Stars’ Rylee Arnold Gives Dating Update
Recommendation
-
Who's hosting 'SNL' tonight? Musical guest, start time, where to watch Nov. 9 episode
-
Unleash Your Magic With These Gifts for Wicked Fans: Shop Exclusive Collabs at Loungefly, Walmart & More
-
Browns QB Deshaun Watson has settled sexual assault lawsuit, attorney says
-
Supreme Court rejects IVF clinic’s appeal of Alabama frozen embryo ruling
-
'The Penguin' spoilers! Colin Farrell spills on that 'dark' finale episode
-
Oregon strikes an additional 302 people from voter rolls over lack of citizenship proof
-
Opinion: Punchless Yankees lose to Royals — specter of early playoff exit rears its head
-
Christina Hall’s Ex Josh Hall Slams “False” Claim He Stole From Her Amid Divorce