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. billion of losses by just four of the FHLBs in 2009 and 2010. 11] This effort may or may not have been particularly successful – there is little evidence one way or the other, but it is, at minimum, revealing of the mindset of FHLB leadership. [12]
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