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In fact I was featured on the front page of the Metro section, albeit below the fold, in the Washington Post on Labor Day 2003, on the issue, in an article written by Craig Timberg. In the early 2000s!
Second, it’s unreasonable to assume the design could work effectively through many decades of often unpredictable changes in markets, legislation, and regulation. In 2003, Franklin Raines, the highly visible CEO of Fannie Mae at the time, received compensation of $17.1 mortgage originations. 24 Excessive executive compensation.
In response to that growing criticism plus how much has changed in markets, legislation, and regulation during the 90-plus years of the FHLBanks’ existence, its regulator – the Federal Housing Finance Agency (FHFA) – announced in 2022 that it would undertake a review of the entire System. billion for fiscal 2024.
The government land banks’ ability to transact these properties is more regulated and less flexible when it comes to property disposition compared to private-entity transactions. This number rose to 8,700 in 2003, 9,700 in 2004, 13,943 in 2006, and 14,946 in 2007. Everything seemed to work as planned—until 2008.
Growth vs. shrinking | young vs. old | urban vs. suburban | historic preservation vs. limited building regulation. And I have this "enlightenment-age" idea that we are capable of learning, of having discourse. City revival.
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