DeMarco prepares for final shutdown of GSEs

If the Whales had won, there wouldn't even Be a housing crisis--try the book!! (Advertisement)

DeMarco prepares for final shutdown of GSEs

By golfplan18 Follow Fri, 8 Mar 2013, 5:51pm 123 views 1 comment
In Irvine CA 92620

Watch (1) Share Quote Permalink Like (1) Dislike

http://ochousingnews.com/news/demarco-prepares-for-final-shutdown-of-gses?source=Patrick.net

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...

Viewing Comment 1-1 of 1 Last » See most liked comments

bgamall4

Follow
Befriend (14)
755 threads
2,590 comments
63 male
Las Vegas, NV
bgamall4's website
Premium

1 11:46am Mon 11 Mar 2013 Share Quote Permalink Like Dislike Protected

Patrick, I maintain that this guy, Demarco, is lying. He says he wants to end government involvement in the GSE's and wind them down. However, Ben Bernanke has said that there will be a government backstop to mortgages, whether GSE's exist or not. That is the sad truth. Houses would be worth a dollar if he didn't stand behind that or make the government stand behind that. Bernanke is in charge.

golfplan18 is moderator of this thread.