Ed DeMarco, as Acting Director of the FHFA, is a corporatist extremist whose actions are undermining a meaningful economic recovery.
According to recent news reports, Ed DeMarco witheld information from Congress on a Citibank pilot program that lowered underwater homeowner principal balances and saved far more money than spent. His reasoning was that he didn't want to encourage a "moral hazard". This is an ironic statement from a man who's accepted billions in US Government bailout funds to save his own organization.
The housing crisis is not going to be resolved by ideologues. I find it absolutely hilarous that a man who's accepted billions in US bailout money could lecture the American People on "moral hazard".
Ed DeMarco needs to be fired and replaced.