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
Together, parts 1 and 2 of the analysis are essential to understand the FHFA Report and how its proposed reforms are most definitely needed. billion of losses by just four of the FHLBs in 2009 and 2010. Finally, a recommendation is provided to address the fundamental flaw in the GSE design so that it can be permanently fixed.
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