The GAO, CBO, OMB, Farm Credit Administration, Department of Agriculture (Rural Development), Department of Education, Department of Housing and Urban Development, Small Business Administration, and the Financial Management Service of the Treasury Department all have requested Mr. Stanton’s services to help provide analyses relating to the organization and management of federal credit and financial programs.


Improving governance and risk management

“Enterprise Risk Management (ERM): A Powerful Federal Management Tool,” guidebook prepared for the Association of Government Accountants (AGA), February 2017

“Constructive Dialogue and ERM: Lessons from the Financial Crisis,” chapter 32 of John R. Fraser, Betty J. Simkins, and Kristina Narvaez, Implementing Enterprise Risk Management:  Case Studies and Best Practices, 2014

“Risk Management and Decision Making: Lessons from the Financial Crisis for Federal Managers,” Chapter 12 of Thomas H. Stanton and Douglas W. Webster, Managing Risk and Performance: A Guide for Government Decision Makers, 2014

“CEOs need to Improve Relations with Their Regulators Too,” Chief Executive, August 23, 2012

“Constructive Dialogue,” The American Interest, November/December 2011 [add link here]

“Governance Implications of the Financial Crisis: The U.S. Experience,” Public Organization
Review: A Global Journal
, March 2011

Improving government regulation, oversight, and supervision

"Bank Supervision — Unfinished Business from the Financial Crisis," Banking & Financial Services Policy Report, December 2014

“Administering Dodd-Frank: Unfinished Business from the Financial Crisis,” Public Administration Review, November/December 2014

“Listening to Regulators Can Keep Your Bank Out of Trouble,” American Banker, August 20, 2012

Creating a Financial System Safety Board,” The American Interest, Autumn September/October) 2009

Government Sponsored Enterprises (GSEs): Why is Effective Government Supervision Hard to Achieve?
presentation to the 37th Annual Conference on Bank Structure and Competition, Federal Reserve Bank of Chicago, May 2001

"Nonquantifiable Risks and Financial Institutions:  The Mercantilist Legal Framework of Banks, Thrifts and Government-Sponsored Enterprises," in Global Risk Based Capital Regulations, edited by Professors Charles Stone and Anne Zissu, (Irwin Professional, 1994).

Design and operations of the home mortgage market

"Designation of Fannie Mae and Freddie Mac as SIFIs," letters to the Financial Stability Oversight Council, March 31, 2014 and  November 27, 2017, by Alex J Pollock and Thomas H. Stanton

“What Comes Next After Fannie Mae and Freddie Mac?” Public Administration Review, November/December 2013

Comment on FHFA Release, “Building a New Infrastructure for the Secondary Mortgage Market,” 2012

The Government Corporation as a Promising Organizational Form to Deliver Government Support to the Mortgage Market,

“To Fix the GSEs, Copy Ginnie Mae’s Model,” American Banker, March 10, 2011

“Fannie Mae and Freddie Mac: How can we Improve Support of the Mortgage Market?” Report to the Kirwan Institute for the Study of Race and Ethnicity, the Ohio State University, report, 2009, published as chapter 12 in Christy Rogers and John A. Powell, Where Credit is Due: Bringing Equity to Credit and Housing after the Market Meltdown, 2013.

The Failure of Fannie Mae and Freddie Mac,” Journal of Law and Policy, vol. 18, no. 1, 2009

Lessons from Public Administration: Recommendations for the Future of Fannie Mae and Freddie Mac and Other Aspects of Government’s Response to the Financial Debacle,”
presentation to the 45th Annual Conference on Bank Structure and Competition, Federal Reserve Bank of Chicago, May 2009

“Government-Sponsored Enterprises: Reality Catches up to Public Administration Theory,” Public Administration Review, July/August, 2009

“Viewpoint: Treat the GSEs Like Other Institutions,” American Banker, July 25, 2008

“Viewpoint: GSE Shareholder Bailout a Bad Idea,” American Banker, April 11, 2008

The Life Cycle of the Government-Sponsored Enterprise: Lessons for Design and Accountability,” Public Administration Review, September/October 2007

"When Government Isn't Exactly Government," Journal of Public Administration Research and Theory, Vol. 14, no. 3, pp. 435-437, July 2004

“A Fannie and Freddie for the 21st Century,” The Wall Street Journal, June 17, 2003

“Government Sponsored Enterprises (GSEs): Why is Effective Government Supervision Hard to Achieve?” presentation to the 37th Annual Conference on Bank Structure and Competition, Federal Reserve Bank of Chicago, May 2001

"Restructuring Fannie Mae and Freddie Mac: Framework and Policy Options," Studies on Privatizing Fannie Mae and Freddie Mac, US Department of Housing and Urban Development, May 1996.

Improving federal involvement in the financial markets

Elmer B. Staats Lecture, “Strengthening our Public and Private Institutions: A National Imperative,” National Academy of Public Administration. November 2011

Elliot Richardson Lecture: “The Importance of Legitimacy in the Government’s Response to the Financial Crisis,”
American Society for Public Administration and National Academy of Public Administration, March 2009, published in Public Integrity, Volume 12, Number 1 / Winter 2009-10

Strengthening Government’s Ability to Deal with the Financial Crisis,” IBM Center for the Business of Government, 2009

Reducing Government Involvement in a Market: Lessons from the Privatization of Sallie Mae,” Public Budgeting & Finance, Spring 2008

– Recipient of the Jesse Burkhead Award for Best Article in Public Budgeting & Finance, 2008
see also slide presentation (pdf)

"Commentary: Liquidity and Competition in Rural Credit Markets," Financing Rural America, Federal Reserve Bank of Kansas City, April 1997

"History and Evolution of Government Sponsored Enterprises," prepared for the House Committee on the Budget, December 17, 1992

Strengthening federal credit programs

"Federal Credit Programs: Borrower Outcomes Matter More than Volume," with Alan B. Rhinesmith and Michael E. Easterly, May 2017

Managing Information and Risk: Promising Practices of Federal Financial Programs,” sponsored by Deloitte & Touche USA, May 2006

Federal Credit Programs: Managing Risk in the Information Age, IBM Center for the Business of Government, April 2005

Loans and Loan Guarantees,” Chapter 12 in Tools of Government: A Guide to the New Governance, Lester M. Salamon, Editor, Oxford University Press, 2002

Credit Scoring and Loan Scoring: Tools for Improved Management of Federal Credit Programs, PwC Endowment for the Business of Government, July 1999