How Ed DeMarco finally cried fraud | The Great Debate: "It took three years, but Fannie/Freddie Conservator Ed DeMarco is starting to channel his inner Irving Picard by acknowledging that among root causes of the financial crisis is fraud, and lots of it.
Trying to parse the madness of Fannie Mae and Freddie Mac over the past few years has given me a new appreciation for Bernie Madoff. Bernie might not have left much for his victims, but at least they finally got a straight answer about what he’d been doing with their money all those years, and a sensible legal framework for recovering and winding down all that might be left."
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