Remove 2003 Remove 2010 Remove 2020 Remove Advocacy
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)

To that end, they turned to lobbying and advocacy to fend off any possible profit-reducing limitations that Congress might impose on them. In 2003, Franklin Raines, the highly visible CEO of Fannie Mae at the time, received compensation of $17.1 To maintain their profitability and even grow it, F&F had to be heavily political.

2008 88