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Edwin J. Gray
Edwin J. Gray is an American politician and businessman who served as the chair of the Federal Home Loan Bank Board in the 1980s. Early life Gray was born in 1933 or 1934. Per the resume he published in the 1980s, Gray was the valedictorian of his high school graduating class in 1953. Early career Gray was, for many years, a political aide to Ronald Reagan. His work with Reagan began in 1966, when he was part of the press team for Reagan's first gubernatorial inauguration. He thereafter worked for Reagan during his governorship, before leaving to work as a savings and loan executive. During Reagan's Ronald Reagan 1980 presidential campaign, 1980 presidential campaign, Gray served first as Reagan's press secretary for a four month period, and later as deputy chief of staff for the Reagan-Bush Committee. During the presidential transition of Ronald Reagan, Gray participated in policy planning. On January 16, 1981, President-elect of the United States, President-elect Reagan named Gr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Home Loan Bank Board
The Federal Home Loan Bank Board (FHLBB) was a board created in 1932 that governed the Federal Home Loan Banks (FHLB or FHLBanks) also created by the act, the Federal Savings and Loan Insurance Corporation (FSLIC) and nationally-chartered thrifts. It was abolished and superseded by the Federal Housing Finance Board and the Office of Thrift Supervision in 1989 due to the savings and loan crisis of the 1980s, as Federal Home Loan Banks gave favorable lending to the thrifts it regulated leading to regulatory capture. Activities Looking to create a secondary mortgage market dedicated to buying loans from their constituent thrifts, the FHLBanks and board successfully lobbied for the creation of Freddie Mac, instead of an expanded Fannie Mae (which was limited to FHA insured loans), to be owned and controlled by the FHLBanks and the Federal Home Loan Bank Board and which would buy and sell loans from thrifts only. Organizational history The FHLBB was established as an independent agen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |