The GSE Public-Private Hybrid Model Flunks Again: This Time It’s the Federal Home Loan Bank System (Part 1)
The Stoop (NYU Furman Center)
MARCH 4, 2024
The private persona of a GSE is that it is owned and capitalized by the private sector and operated as a for-profit company. Additionally, the GSEs did not commercially operate like efficient and competitive business organizations. In 2003, Franklin Raines, the highly visible CEO of Fannie Mae at the time, received compensation of $17.1
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