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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)

In 2003, Franklin Raines, the highly visible CEO of Fannie Mae at the time, received compensation of $17.1 In fact, an industry consensus emerged around 2016-7 that F&F have been operating far better in conservatorship in areas such as technology, customer service, and risk management than they ever did prior to 2008.