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Step inside the arcane world of the Federal Home Loan Banks. What's become a $1.5 trillion backstop for banks like SVB and Signature was originally created to help US homebuyers. And creep behind the paywall here: bloomberg.com/news/features/…

Today's essential read from my Bloomberg colleagues Heather Perlberg Ann Choi 최주연 & Noah Buhayar. Something is broken. Federal Home Loan Banks recorded $1.8bn in profits & paid $1.4bn in dividends last year while lending out only $355 million for affordable housing.

“You can be outraged but the outrage is in their purpose.” Find out more about an extremely generous govt lender that was created to help homebuyers but instead loaning $$$$$$$$$$$$$s to banks that make little or no mortgages. bloomberg.com/news/features/… via Businessweek

Really?!? I have enjoyed Michael Lewis's books. But this comment is just beyond the pale... Zeke Faux is one of the least-skeevy journalists I know. His book, "Number Go Up," is full of facts and shoe-leather reporting. Any other journalist (rival or not) should celebrate that.

Steller reporting and data analysis from Ann Choi 최주연 & a whole crew of Bloomberg folks on the racial disparities in the fees that homebuyers pay. Read it! x.com/annjychoi/stat…

Reading this new one by Kelsey Butler makes me think the politics of "family values" could one day be rejiggered to include ensuring that childcare doesn't cost ***$56,000*** bloomberg.com/news/articles/…

We're hiring a cartographer to join Bloomberg's Data Viz team!

Nurse practitioner is the fastest-growing profession. In some states, as many NPs as doctors are treating patients. Caleb Melby, Polly & Noah Buhayar reported on their largely online classes, unregulated in-person training programs & deadly consequences: bloomberg.com/news/features/…

Given the power nurse practitioners have over patient care, it's *a bit* disconcerting when the former director of the country's largest NP program says she can't recall denying acceptance to a single student. Caleb Melby Polly Noah Buhayar Businessweek Bloomberg bloomberg.com/news/features/…

When things don't break my way I roll up into a nice little ball and cower. My colleague Noah Buhayar, on the other hand, turned a tumor in the back of his head into a rollicking Businessweek tale about ultrasound breakthroughs bloomberg.com/news/features/…

Brain surgery is barbaric. But does it have to be? Noah Buhayar’s freak tumor diagnosis led him to a renowned neurosurgeon who’s on a quest to cure with sound. 🔗🧠: bloomberg.com/news/features/…

Last year, I was diagnosed with a large tumor in my head. I had surgery to get it removed am doing fine. "Brain tumor" wasn't on my bingo card as I slid into my 40s. Nor was learning about Focused Ultrasound Foundation. Read all about it in my latest Businessweek feature: bloomberg.com/news/features/…

Opening a story and seeing a 3D model & an MRI of the brain of a fellow reporter who sits about 20 feet away is quite the experience—and that’s just the beginning of this incredible story by Noah Buhayar, which closes with a line for the journalism ages. Businessweek bloomberg.com/news/features/…

Brain surgery is barbaric. But does it have to be? Noah Buhayar writes about his freak tumor diagnosis that led him to a renowned neurosurgeon who’s on a quest to cure with sound, not scalpels. bloomberg.com/news/features/… via Businessweek

🧵Con men scammed an elderly widow out of her life savings. The big banks (Chase, Wells Fargo & more) watched it happen. We took a look at financial frauds exploding across the country, and what the banks are doing about it. Gift link: trib.al/J4U1yfy from Bloomberg

I'm grateful that modern medicine kept Noah Buhayar in business. But you do hope that someday there will be an alternative to taking a saw to the skull... bloomberg.com/news/features/…

Banks spend buckets to prevent credit card fraud. But when their own depositors are getting scammed, they're less on-the-ball. Incredible, infuriating yarn from Tom Schoenberg Ann Choi 최주연 ಠ_ಠ & Paige Smith x.com/annjychoi/stat…

“It’s a pool of piranhas is what it is” New story with Noah Buhayar, about the levers of power and money in modern college football bloomberg.com/news/features/… via Businessweek

NIL contracts are hush-hush. We got our hands on a few of them for this deep dive into the labor story at the heart of college football. Great, as always, to work with Peter Robison x.com/petermrobison/…

On this college football Saturday, check out this @bw story about boosters breaking promises to players—and an incredible scene in which one university, on the eve of kickoff, faced the threat of a mass walkout over pay. Peter Robison Noah Buhayar Gift link: bloomberg.com/news/features/…