Remove 2003 Remove 2004 Remove 2010 Remove Implementation
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)

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 This included employing ex-government officials from both parties to aid their cause.

2008 88
article thumbnail

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 did so, for example, in 2004 to cover the budget year 2003, when its estimate was $3.2 Enter the FHFA The FHFA implemented specific reforms in past years to keep the FHLBs from straying even further from their mission and towards profit. billion of losses by just four of the FHLBs in 2009 and 2010.

2008 59