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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. As an example of their lobbying power, in 2004 and 2005 the George W. 19] It peaked in 2004 at just over $1.6
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] See CBO letter to Senator Richard Shelby dated April 8, 2004.
In this edition, weve drawn from the same sources, but have also added contributions from Don Moynihan, who recently left the McCourt School of PublicPolicy at Georgetown University to become a professor at the Ford School of PublicPolicy at the University of Michigan. Enjoy and have a pleasant holiday.
Bush in 2004. First live webcast on the Internet happened in the President George W. Bush administration in 2002. First high definition television broadcast of the address also took place under George W. First enhanced State of the Union live stream : President Obama, 2011.
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