Alex J. Pollock, distinguished senior fellow at the R Street Institute in Washington and former president of the Federal Home Loan Bank of Chicago, calls in to discuss the state of our central bank’s own finances. @RSI @FHLBC
3:07 Unrealized losses and the printing press
6:27 Treasury issuance and the Fed
9:45 Negative capital. Does it matter?
15:55 Partially paid-in capital; echoes of the banking partnerships of old