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)
MARCH 4, 2024
That’s because both are government-sponsored enterprises (GSEs). The GSE Background Over a century ago, Congress began creating public-private hybrid corporations known as government-sponsored enterprises. government, allowing them to borrow at near-Treasury rates, lower than any regular private sector company or bank could.
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