-This is not the first time DeMarco has irked the Obama administration. As the acting director of the federal overseer of Fannie and Freddie, DeMarco has broad powers to set policy at the companies.-
Remember, Fannie and Freddie have been a public/PRIVATE partnership for decades. DeMarco is protecting the interests of Bankers in this situation. If Fannie and Freddie were completely government run, without Private Sector interference, we wouldn't be seeing this issue in the first place, for the addressing the Mortgage Holder's issues would come first in order to benefit the greater economy.
DeMarco should find other work, I'm sure it's waiting for him.
Read the Article at HuffingtonPost
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