The GSE Conservatorships: Fifteen Years Old, With No End in Sight
The Stoop (NYU Furman Center)
SEPTEMBER 5, 2023
A: Starting in 2012, the FHFA began to systematically correct the defects in the GSE business model while they were still in conservatorship, rather than maintaining the status quo year after year while waiting for Congress to someday pass legislation. This was publicly disclosed by Treasury Secretary Mnuchin in 2019.
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