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Tag Archive: subsidies

Who’s the money behind the farm bill?

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As the Senate debates the farm bill this week, a once-every-five-years lobbying extravaganza that sets policy on farm subsidies, food assistance, nutrition, and myriad other agricultural programs, here's a quick look at some of the big money interests that are involved, as well as pressure points for transparency, or the lack of it.Head shot of Senate Agriculture Committee Chair Debbie Stabenow, D-Mich.

The money. Agribusiness has already sunk $39.2 million in direct contributions to federal candidate and party coffers this election cycle, nearly three-fourths of that to Republican interests, according to the Center for Responsive Politics. In 2008, the last presidential election cycle, which also happened to ...

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Investment Ratings Tank for Home Loan Banks

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They hold $1.3 trillion in assets and, chances are, you've never heard of them.

The Federal Home Loan Banks, or FHLBs, were created during the Depression, and are meant to ensure that if the economy were to tank, commercial banks would still have the money to issue home loans. A cooperative of 12 regional banks, the system works like this: banks, thrifts, credit unions and insurers (more than 8,100 across the country) become members and put up collateral; the FHLBs borrow money and lend it to them at a discount.

So where does the subsidy come ...

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