Mr. Demarco saved the taxpayers billions. He should be praised.He refused to allow democrats write downs of mortgage balances. Now comes a complete hack and it will cost you, your children and their children billions.
To clarify-DeMarco is still Acting Director, unless and until Obama would do a recess appointment or pending Senate approval of a nominee.
Billions?
Try Trillions!
Not much need for that since the Fed made refi so easy. That will cost your children and their children billions if not more from dollar volatility.