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
Written in a neutral regulatory tone, the document largely validates these criticisms via facts and analysis, and then proposes extensive recommendations for change. 11 This core flaw of GSE design was described by then-Secretary of the Treasury Henry Paulson when F&F were placed into conservatorship in 2008. mortgage originations.
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