Women in Housing & Finance meetings have featured a number of Federal Reserve policymakers in recent years. A review of their speeches traces an arc through the turmoil in the U.S. housing market, which led to the worst financial crisis and economic downturn since World War II, the regulatory reform that followed, and the moderate but steady recovery over the past five years.
We embarked on this policy to develop a corporate bond market in 2009 when we acquired the so-called Aqualectra bonds. In 2012, we participated in the bond issue of the Sint Maarten Harbour Company. The case of Sint Maarten is a special one.