Douglas Holtz-Eakin: “I hate the GSEs; they are the scum of the Earth in my opinion.”

According to recently released FCIC notes, Douglas Holtz-Eakin, aka “Dougy Fresh”, made the following statement to his fellow FCIC commissioners on Tuesday, September 28th, 2010:

DHE: “I hate the GSEs; they are the scum of the Earth in my opinion.”

What’s funny is I don’t remember him being so honest in his recent OpEd for the WSJ, the one where he feigns unbiased analysis of the GSEs while praising Mr. John Carney’s work on the subject.

Oh and before I forget, Dougy also had this to say about the role of securitization in the crisis:

doesn’t think securitization was connected to housing — only became important after the bubble burst.”

I reached out to a friend who happens to be an expert in mortgage credit for comment. This person had the following to say about Dougy’s take on things:

“That is the dumbest fu*%ing opinion I’ve ever heard on the crisis…and I even read Peter Wallison’s book. So that’s saying something. A statement like ‘securitization wasn’t connected to housing’ coming from a supposed ‘expert’ such as Holtz-Eakin is truly terrifying.”

Former head of the CBO doesn’t think securitization was connected to the housing bubble

Ideology is such a convenient replacement for the law, isn’t it Dougy? But don’t take my word for it, take Ed DeMarco’s.

Ideology is such a convenient replacement for the facts, isn’t it Dougy? But don’t take my word for it, take Mark Zandi’s.

I imagine Dougy will soon join the ranks of the distinguished folks below, including Gene Sperling, John Carney, Nick Timiraos (great head of hair on that guy), “Smoking” Joe Light, etc.

Doug, this one’s for you. Take us out Cyndi.

Source: https://webcache.googleusercontent.com/search?q=cache:4It4CoxA-IoJ:https://fcic-static.law.stanford.edu/NARA.FCIC.2016-03-11/BusMtgsAgnds_SCREENED/2010_09%2520(September%252028-29)%2520(RETREAT)/GKN%2520Notes.%2520Agenda%2520for%2520FCIC%2520Retreat%25209-28%2520and%25209-29_1.doc+&cd=2&hl=en&ct=clnk&gl=us