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
The private persona of a GSE is that it is owned and capitalized by the private sector and operated as a for-profit company. To that end, they turned to lobbying and advocacy to fend off any possible profit-reducing limitations that Congress might impose on them. As an example of their lobbying power, in 2004 and 2005 the George W.
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