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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)

In recent years, the System has been subject to growing criticism that it has been inadequately supporting the housing and community development mission given to it by Congress. Like F&F prior to 2008, the FHLBanks hold themselves out as competitive commercial enterprises, but the truth is that they also are not.

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