Of all the people who’ve played a role in the housing bubble and its aftermath, the one who continually impresses me is EdwardDeMarco, conservator for the GSEs. He is a career bureaocrat who was placed in charge of the GSEs when they were taken into conservatorship in 2008. He has steadfastly protected the interests of taxpayers much to the chagrin of politicians on both the left and the right. The left hates him because he refuses to give loanowners free money through principal reductions. The politicians on the right who’ve sold their souls to banking interests don’t like him because...
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