Towards the end of one’s summer in 2008, investors arrive at doubt the brand new viability of your most other housing GSEs. Because the currency market financing didn’t distinguish within regulatory revelation filings one of many certain GSE’s, FHLBs turned “guilty by relationship.” That’s, as money managers don’t wanted people questioning once they kept personal debt on much more stressed Federal national mortgage association and you can Freddie Mac computer, it essentially stopped investing in the new FHLBs as well.