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
billion of losses by just four of the FHLBs in 2009 and 2010. 14] See Bloomberg article, “How a Vegas Whale, and Many More, Tap Billions Meant for US Housing,” October 20, 2023. 21] As of June 30, 2023, the total membership of the FHLB system was 6,487 financial institutions per the FHFA Report. [22]
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