Seeking Alpha

Job number one of the next Obama administration would appear to be the ousting of FHFA chief Ed...

Job number one of the next Obama administration would appear to be the ousting of FHFA chief Ed DeMarco, who has blocked Treasury's efforts for principal reductions for troubled mortgages. Doing the job he was hired to do, DeMarco contends such moves sound nice, but have proven to be worse than existing programs at reducing foreclosures and saving the taxpayer money.
Comments (3)
  • wpdsr001
    , contributor
    Comments (58) | Send Message
     
    If you lower the bad mortgages, then I expect you to lower mine too. All you are doing is resetting the bar.
    24 Oct 2012, 03:48 PM Reply Like
  • Tony Petroski
    , contributor
    Comments (6373) | Send Message
     
    I happen to know that job one on day one of Obama's second term is to focus on jobs, jobs, jobs. He's planning to call in the finest minds--Warren Buffett, Immelt of GE and he's going to hold a seance involving Steve Jobs and they're going to "focus like a laser" on jobs and how to create them at a jobs summit!
    24 Oct 2012, 03:55 PM Reply Like
  • spald_fr
    , contributor
    Comments (2734) | Send Message
     
    If I've told you once, Tony, I've told you a million times. Get that tongue out of your cheek.
    24 Oct 2012, 05:42 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector