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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)

Written in a neutral regulatory tone, the document largely validates these criticisms via facts and analysis, and then proposes extensive recommendations for change. In 2003, Franklin Raines, the highly visible CEO of Fannie Mae at the time, received compensation of $17.1 24 Excessive executive compensation.

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