capeman – since you have researched CFC so much, can you clarify this for me:
How do you rationalize these two statements:
CFC does not have direct access to the window due to lack of acceptable collateral
if insolvency rears up and kicks CFC back the CD customers may have to get their money back from the FDIC instead.
If their paper is not good enough for FED, how are the regulators allowing it as collateral for FDIC insured funds? It is like FED is more risk averse than FDIC (well OTS really)
