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The GSE Public-Private Hybrid Model Flunks Again: This Time It’s the Federal Home Loan Bank System (Part 2)

The Stoop (NYU Furman Center)

It did so, for example, in 2004 to cover the budget year 2003, when its estimate was $3.2 billion for fiscal 2024. 14] See Bloomberg article, “How a Vegas Whale, and Many More, Tap Billions Meant for US Housing,” October 20, 2023. Trillion Backstop for Homebuyers Props Up Banks Instead,” June 4, 2023, [link].

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