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. This may seem a zero-sum game for the FHLB members who both own and borrow from their regional FHLBank, but FHLB management is understandably motivated to look for higher profit in order to justify higher compensation. [9]
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