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 However, the FHLBB was eliminated by Congress in 1989 due to its failure to adequately supervise the safety and soundness of the Federal S&Ls that it also regulated.
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