You know, I was having kind of a crummy day... nothing serious, just dragging my feet a bit and grinding through some writing I've been working on for too long... and thinking about how nothing is changing... and then out of the blue it happened... and I started smiling right away... kicking my heels up a bit... even opened a cold beer to celebrate the news.

Nick Timiraos, at the Wall Street Journal, is reporting that the Obama Administration is replacing Edward DeMarco, the current "acting" director of the Federal Housing Finance Agency, the conservator for the failed mortgage behemoths Fannie Mae and Freddie Mac.

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