Cornelius Hurley

Chairman, Community Advisory Board (AFC); Former Asst. General Counsel, Federal Reserve Board; Professor, Boston U.; Bank director

[Cornelius Hurley @ckhurley]

Sandra Thompson, former head of bank supervision at the FDIC and now head of the Federal Housing Finance Agency, is calling for major changes at the $1 trillion-asset Federal Home Loan Bank System she oversees. Bill Isaac's and my…https://t.co/IAbA3We489 https://t.co/ibAL0ghE1P

[Cornelius Hurley @ckhurley]

Tis the season for reform of the #FHLBs: https://t.co/5uHmy7FbSH

[Cornelius Hurley @ckhurley]

Join if you have a moment...AMA on Reddit until 2 PM
https://t.co/Rm1GLALC0Y

[Cornelius Hurley @ckhurley]

Link to Reddit AMA:
https://t.co/z9zC8XKK7N
Go to column on right, find the FHLB session and click on "Remind Me"
Fingers crossed...

[Cornelius Hurley @ckhurley]

I'm participating in my first Reddit Ask Me Anything (AMA) on Monday, December 12. Join me from 12-2pm ET and ask questions about the Federal Home Loan Banks (FHLBs) that are currently under the scrutiny of their regulator.  
What are the Federal Home Loa…https://t.co/kuGFHBE1RL

[Cornelius Hurley @ckhurley]

The FDIC moments ago, announced record setting Net Interest Margins for the #banks. Simultaneously, the banks are borrowing record amounts from their #FHLBs at taxpayer-subsidized rates.

The burden is on the FHLBs and their member banks to show that the…https://t.co/pR2Posuh6j

[Cornelius Hurley @ckhurley]

Add "homewashing" to your financial vocabulary, thanks to the FHLBs. Check out this article I wrote for The Hill:

#banking #bankinglaw #housingaffordability #housing #homewashing #FederalHomeLoanBanks https://t.co/8RzMNQicBB

[Cornelius Hurley @ckhurley]

How the #FHLBs are helping #banks punish #consumers https://t.co/27xkBgw5UO

[Cornelius Hurley @ckhurley]

Heard on the Street: Review of a liquidity source for U.S. lenders highlights the importance of funding costs as rates rise and the Fed’s balance sheet shrinks https://t.co/OnSX7RGVxm via @WSJ

[Cornelius Hurley @ckhurley]

The Federal Home Loan #banks should serve the public not just themselves; https://t.co/SeVNUGPji6

[Cornelius Hurley @ckhurley]

Federal home loan banks should serve the public, not themselves https://t.co/doQIam0xzC

[Cornelius Hurley @ckhurley]

The Dimon Rule is an oxymoron wrapped in a fantasy. If a #TBTF is resolvable it is not TBTF.

[Cornelius Hurley @ckhurley]

The Federal Reserve and OCC Should Follow the “Jamie Dimon Rule” and Stop Rubber Stamping Too-Big-To-Fail Bank Mergers Without Resolution Plans https://t.co/KBRQZlWp5X

[Cornelius Hurley @ckhurley]

https://t.co/sOTdUkwNef
It's not every day that a $1 trillion, 100-year-old bureaucracy undergoes a makeover. #FHLBS

[Cornelius Hurley @ckhurley]

The Federal Home Loan Banks are about to go under a major shakeup. Opportunities abound for small business lending, infrastructure, affordable housing, etc. My article in The Hill explains. #smallbusiness,#infrastructure, #affordablehousing, #FHLBs https://t.co/PXEuiZM0lj

[National Mortgage News @NatMortgageNews]

Congress intended the system to serve a public purpose, namely housing, not lender of first resort. However, the system has been co-opted by the banks to serve their own interests, writes @ckhurley. https://t.co/f6M3TjkjUA

[Cornelius Hurley @ckhurley]

Sound words of balance and caution. https://t.co/gGSL6jFOVQ

[Cornelius Hurley @ckhurley]

The #ABA should be excited about # #FHLBs' potential. Instead it wallows in their problematic past. Wake up! https://t.co/TWaxvoz4bX

[Cornelius Hurley @ckhurley]

The #FHLBs have nothing to fear from an independent advisory committee other than CHANGE. @FHLBanksVoice
https://t.co/p20BF4bKKR

[Cornelius Hurley @ckhurley]

I am delighted that Director Thompson of FHFA thinks an advisory committee to help chart the future of the #FHLBs is a "great, good idea". Hooray!
But caution, only if the committee is truly independent will it be a "great" idea. @FHLBanksVoice @FHLBanksVoice @FHLBDM @FHLBC