The GSE Public-Private Hybrid Model Flunks Again: This Time It’s the Federal Home Loan Bank System (Part 2)
The Stoop (NYU Furman Center)
MARCH 11, 2024
Like F&F, FHLB leadership teams are motivated to maximize profits. It did so, for example, in 2004 to cover the budget year 2003, when its estimate was $3.2 7 Over time, the same fundamental GSE design flaws that led to the problematic behaviors at F&F are also behind the current calls for FHLB System reforms.
59 
Let's personalize your content