Van Jones: Firing FHFA Chief Ed DeMarco Could Be 'The Biggest Stimulus Program In America'

-DeMarco has argued on many occasions -- including in a recent, threatening notice to local governments that are considering using eminent domain to perform principal reductions -- that allowing this type of loan forgiveness would increase the risk of "moral hazard." DeMarco's argument is essentially that helping underwater homeowners might encourage others to default strategically in order to get help, too. DeMarco most recently rebuffed the White House's call for principal reductions in late July.-



TARP rendered "Moral Hazard" obsolete. Fire DeMarco.
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