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Bill Black: The Best Way to Rob a Bank Is to Own One (Part 1/9)


Yves here. Bill Black is back! The website New Economic Perspectives, where Bill and many MMT luminaries held forth, has gone quiet. But Bill was also a regular at Paul Jay’s The Real News Network, and Black has come for a long-form discussion at Jay’s new initiative, TheAnalysis.news. Bill uses the title of his book to review and update financial fraud, American style, which means driven primarily by bank executives. He starts with a review of the S&L crisis, where he not only had a ringside seat but also successfully pursued some of the perps. This is one of the reason Bill has little sympathy for the failure to prosecute bankers: he’s shown it can be done. ....

United States , Orange County , San Diego , San Francisco , Republic Of Moldova , Paul Jay , Ted Gray , Matt Tyrnauer , Jim Wright , Don Regan , Ronald Reagan , Neil Bush , Charles Keating , Dick Pratt , Jimmy Carter , Alan Greenspan , Joe Selby , Addie Polk , Bill Black , Tim Ryan , Mike Patriarca , Senate Or House , Department Of Justice , Merrill Lynch , San Francisco Bank , Home Loan Bank Board ,

FHLBank San Francisco Releases March 2021 Cost of Funds Index


FHLBank San Francisco Releases March 2021 Cost of Funds Index
SAN FRANCISCO, April 30, 2021 (GLOBE NEWSWIRE) The Federal Home Loan Bank of San Francisco (Bank) announced April 30, 2021, that the 11
th District Monthly Weighted Average Cost of Funds Index (“COFI”) for March 2021 is 0.377%. The index for February 2021 was 0.408%.
As previously announced, the Bank will no longer calculate the COFI after the publication of the December 2021 index on January 31, 2022, because of the significant decline in the number of financial institutions eligible to report the data used to calculate the indices.
The COFI is computed from the actual interest expense reported for a given month by the Arizona, California, and Nevada savings institutions members of the Bank that satisfy the Bank’s criteria for inclusion in the COFI (“COFI Reporting Members”). For March 2021, 9 eligible institutions reported COFI data. Changes in interest rates on adjustable rate mortgage loa ....

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