The GSE Public-Private Hybrid Model Flunks Again: This Time It’s the Federal Home Loan Bank System (Part 2)
The Stoop (NYU Furman Center)
MARCH 11, 2024
Together, parts 1 and 2 of the analysis are essential to understand the FHFA Report and how its proposed reforms are most definitely needed. 18 It is worth noting that the Congressional Budget Office (CBO), from time to time, estimates the value of the subsidies to the FHLB system. 19 That was a very significant amount 20 years ago.
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