article thumbnail

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)

As GSEs, they were highly limited in their permitted activities but given a preferred market position, along with the subsidies and privileges needed to deliver a public policy benefit to the public. As an example of their lobbying power, in 2004 and 2005 the George W. More political than commercial.

2008 80
article thumbnail

Current GSE Guarantee Fees Are Too Low to Be Consistent with Regulatory Capital: Does This Mean a Large Increase Is Coming?

The Stoop (NYU Furman Center)

taxpaying public. 12 This means that the taxpayers are now officially (again, using FHFA calculations) earning a sub-standard return on their investment, providing what amounts to a large, hidden, and never-congressionally-approved economic subsidy to the GSEs, 13 which is not good public policy. Also, the 0.10 See [link].

2008 52
article thumbnail

Social Media for Social Good: What role does social media play in creation of and sustainability of social movements? A Social Movement Case Study Examining Occupy Wall Street and the Tea Party.

Public Policy Blog

Prolific proponent of the networked society Manuel Castells (2011) describes mass media being displaced by mass self-communication (Deluca, Lawson, & Sun, 2012) in altering the communication model from one-to-one to many-to-many. Simultaneously, broader social changes are also contributing to new activist forms.