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 11] The history makes clear that the various GSEs often engage in lobbying and advocacy for favorable changes to legislation and regulation, potentially biasing the outcome. [12] 24 Excessive executive compensation.
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