I highly suspect that the higher-ups around the POTUS used the expiration of the UST Commitment on 12/31/12 AS A STICK to try to force DeMarco to forgive the principal on millions of low and moderate income American Families mortgages securitized in Fannie Mae and Freddie Mac MBS and in their portfolios, prodding him to choose between something as draconian as the NWS OR MORTGAGE PRINCIPAL REDUCTION.
Equate the recent $10,000 to $20,000 student loan forgiveness to something similar concocted by the POTUS in 2012.
When DeMarco after extensively studying the Mortgage Loan Forgiveness or Principal Reduction program said NO, the administration via UST proposed the NWS and DeMarco said okay due to idealogical beliefs.
These high level intra governmental internal discussions were protected as 'Executive Privilege and National Security' exemptions to Discovery for the P's.
We may never know exactly what happened until well past our lifetimes, but it's a plausible explanation in my view.
The enriching the 'evil hedge fund guys' narrative coming out of the POTUS administration in 2012 would have been consistent with this theme as cover or justification for the Mortgage Principal Reduction program.
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