Ohio’s Motorists Mutual Joins Federal Home Loan Bank

March 26, 2009

  • March 26, 2009 at 2:34 am
    Slient Owner of Banks says:
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    “Membership allows Motorists to take advantage of FHLBank’s product line of financial services, including low-cost advances that can be used for liquidity management and general asset/liability management.”

    Is FHLBank one of the recipients of TARP funds or other free spending programs sponsored by congress? If so, those “low-cost advances” being made to Motorist Mutual are coming out of our, the American taxpayers, pocket. As such, I’ll take my share of the interest earned in the form of a lower auto insurance premium – thank you very much.

    And the focus is on AIG using tax dollars to shore up their price cutting scheme. Doesn’t appear they are alone in this scam.

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