So-Called Lender Of Second-Last Resort Has Already Begun Preparing For The Worst

Jeffrey P. Snider
By Jeffrey P. Snider of Eurodollar University
Chief Investment Strategist •

FHLB co-ops are issuing debt as we've never seen before in what can only mean major bank funding problems.

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Yet another funding crisis indication comes to us in a report from Bloomberg. FHLB co-ops are issuing debt as we've never seen before in what can only mean major bank funding problems. The only time we ever see anything like this is in crisis. And this one could even be worse than those before.

Video Length: 00:20:16

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