Below the Fold: Ed DeMarco Should Do His Job -- It's a Matter of Principal

``... what's DeMarco's problem? Moral Hazard and his aforementioned apparent contempt for the common man. According to DeMarco if he were to allow principal reduction, interest reduction, or even start handing out vouchers for a free hot dog at the ball park, homeowners everywhere would suddenly leap into action (or inaction) and all go into default. He also argues that it would cost taxpayers money.''