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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)

As an example of their lobbying power, in 2004 and 2005 the George W. In 2003, Franklin Raines, the highly visible CEO of Fannie Mae at the time, received compensation of $17.1 19] It peaked in 2004 at just over $1.6 25] He resigned in 2004 due to accounting irregularities. [26] 24 Excessive executive compensation.

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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)

It is considered one of America’s government- sponsored enterprises (GSEs), i.e., public-private hybrid corporations created by Congress and authorized to engage only in a narrowly-tailored set of activities. It did so, for example, in 2004 to cover the budget year 2003, when its estimate was $3.2 billion for fiscal 2024.

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