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Alias Born | 07/18/2020 |
Sunday, October 09, 2022 9:35:29 AM
That Ed DeMarco is a real mental giant, isn't he? Believing that his job was to force the US Congress to 'fix the broken system' of the Secondary Mortgage Market by depriving the GSES (who guarantee Trillions in MBS) OF ANY CAPITAL!
EDDIE YOUR JOB WAS TO REHABILITATE, GET THE SHIP UPRIGHT AND MOVE ON, NOT KEEP THE GSES IN A PERPETUAL CONSERVATORSHIP!
Ed DeMarco: "Honey, I have a court hearing this morning so that's where I'll be."
Wife: "What's going on?"
Ed:. "Apparently I upset some shareholders when I obliterated the value of their shares and gave $332B to the UST in return for nothing."
Wife: "Have a nice dear, I'm going to the Salon..."
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