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
In 2003, Franklin Raines, the highly visible CEO of Fannie Mae at the time, received compensation of $17.1 8] The privatization of Fannie Mae in 1968 by the Johnson administration was explicitly done to take government spending off the books under the pressure of Vietnam War era “guns and butter” budget strains. [9]
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