Ed DeMarco was a conscientious bureaucrat who was forced out of his position for doing a good job protecting the US taxpayer from looting politicians.
The list of evil0doers and nefarious characters of the housing bubble includes famous names like Anthony Mozilo, David J. Stern, and not-so-famous names like David Sparks, Michael T. Pines, Brent Arthur Wilson, Blair Christopher Hanloh, Robin and Chris Duncan, and many others. We had incompetence at many levels including famous names like Alan Greenspan and Robert Rubin, and millions of ordinary fools who bought the can’t-lose investment opportunity of the 00s, the housing bubble, and got burned.
While the deeds of the criminals and fools is titillating and instructive, it’s worth looking at the few really solid and upstanding individuals who did the right thing in the face of opposition and the temptation to go down the easier road. The one person who stands out the most in my opinion is former director of the FHFA, Ed DeMarco.
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http://ochousingnews.com/blog/fired-ed-demarco-saved-taxpayers-billions/
Ed DeMarco was a conscientious bureaucrat who was forced out of his position for doing a good job protecting the US taxpayer from looting politicians.
The list of evil0doers and nefarious characters of the housing bubble includes famous names like Anthony Mozilo, David J. Stern, and not-so-famous names like David Sparks, Michael T. Pines, Brent Arthur Wilson, Blair Christopher Hanloh, Robin and Chris Duncan, and many others. We had incompetence at many levels including famous names like Alan Greenspan and Robert Rubin, and millions of ordinary fools who bought the can’t-lose investment opportunity of the 00s, the housing bubble, and got burned.
While the deeds of the criminals and fools is titillating and instructive, it’s worth looking at the few really solid and upstanding individuals who did the right thing in the face of opposition and the temptation to go down the easier road. The one person who stands out the most in my opinion is former director of the FHFA, Ed DeMarco.
Source: http://ochousingnews.com/blog/fired-ed-demarco-saved-taxpayers-billions/#ixzz38Iidu63J
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