Remove 2005 Remove Implementation Remove Legislation
article thumbnail

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)

The GSEs were authorized by congressional legislation to perform a very specific set of activities, primarily focused on providing loans to consumers or businesses for a designated purpose, and mostly related to real estate and housing. the legislation establishing them). mortgage originations.

article thumbnail

State of the Nation - a UK Perspective on Covid-19

Disaster Planning and Emergency Management

There were major exercises on pandemics in 2005, 2007 and 2016. This provision was not implemented and the result appears to have been thousands of avoidable deaths. The UK Government's 13 policy U-turns do not reflect adaptation to dynamic circumstances, but inability to conceive what to do, how to implement it and how to communicate.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

A brief critique of UK emergency arrangements in the light of the Covid-19 crisis

Disaster Planning and Emergency Management

The same shortcomings were present in the 2005 London bombings, as were others (for example, the way in which 'major incident' as declared). Most striking is the abyss between plans and the ability to implement them with emergency response measures. We should accept that we have disasters in the UK.

article thumbnail

Current GSE Guarantee Fees Are Too Low to Be Consistent with Regulatory Capital: Does This Mean a Large Increase Is Coming?

The Stoop (NYU Furman Center)

Instead, despite the adoption of the new and much higher official regulatory capital requirement in 2020, the agency just delayed the implementation of the higher capital level for two years. And will any change be implemented quickly or perhaps incrementally over several years? Of the current 0.46 percent versus 0.30

article thumbnail

Government Mortgage Interest Rates: A Serious Discussion about the Intertwined Topics of Risk Adjustment and Cross-subsidies

The Stoop (NYU Furman Center)

The core claim made by critics is that the changes, implemented on May 1, are a mechanism for a new and major economic cross-subsidy from less risky borrowers to more risky ones. The changes then became the subject of hearings and legislation in the Republican-controlled House of Representatives to reverse the changes.