You know, one is the first core mechanism. Right. Community orient to support community oriented institutions to serve working families. And then a second is incentivize affordable home loans. Correct, Correct. Yeah. Yet Today the largest financial institutions receive the overwhelming majority of the federal home loan advances. And I think that's why we're having this hearing. It's roughly, what, 40%, according to the GAO analysis, the biggest banks. (00:34–00:41)
CLAIM
Asserts that large financial institutions are the primary beneficiaries of federal home loan advances.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
