Remove 2003 Remove Leadership Remove Public Policy
article thumbnail

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)

The leadership of the FHLBs, along with various beneficiaries of their subsidies, has also begun to aggressively lobby and advocate against virtually any proposed change that it views as detrimental to its bottom line. In 2003, Franklin Raines, the highly visible CEO of Fannie Mae at the time, received compensation of $17.1

article thumbnail

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)

Like F&F, FHLB leadership teams are motivated to maximize profits. More recently, as part of the FHFA’s review, its director said in public that the FHLB System did benefit from the implied guarantee, saying out loud what everyone already knew. 19 That was a very significant amount 20 years ago. billion for fiscal 2024.

article thumbnail

Social Media for Social Good: What role does social media play in creation of and sustainability of social movements? A Social Movement Case Study Examining Occupy Wall Street and the Tea Party.

Public Policy Blog

While those grievances shared a common theme: discontent with the power of corporations and alarm that the economic future of a broad swath of the population appears in jeopardy this only proves that OWS tapped into widespread public discontent. There is no guarantee of public policy change as a result of powerful new social movements.