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. 36] It is worth noting that the FHLBs were supervised by the Federal Home Loan Bank Board (FHLBB) from inception in 1932 until 1989, in a very rough emulation of the Federal Reserve Board, with powers that included things like approving executive compensation. (So,
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