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)
MARCH 11, 2024
Like F&F, FHLB leadership teams are motivated to maximize profits. It did so, for example, in 2004 to cover the budget year 2003, when its estimate was $3.2 14] See Bloomberg article, “How a Vegas Whale, and Many More, Tap Billions Meant for US Housing,” October 20, 2023. billion for fiscal 2024. See [link]. [21]
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