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. The public persona of a GSE, meanwhile, is that it carries out a congressionally defined public purpose mission 6 and is given subsidies and privileges to do so. mortgage originations.
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