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
Second, it’s unreasonable to assume the design could work effectively through many decades of often unpredictable changes in markets, legislation, and regulation. 11] The history makes clear that the various GSEs often engage in lobbying and advocacy for favorable changes to legislation and regulation, potentially biasing the outcome.
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