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)
MARCH 4, 2024
4 For those who have closely followed the housing finance industry for a long time, this should evoke memories of the efforts to reform Fannie Mae and Freddie Mac (F&F) in the years before the Great Financial Crisis (GFC), and how their management teams also responded so aggressively to counter them. 24 Excessive executive compensation.
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