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From: To: Subject: Date: Cassidy Waskowicz Sarah Knaus FW: FHFA would like these changes Tuesday, December 21, 2010 6:41:28 PM Deputy General Counsel Financial Crisis Inquiry Commission 1717 Pennsylvania Ave., NW Suite 800 Washington D.C., 20006 202 292-2799 main 202 292-1350 direct From: Gary Cohen Sent: Tuesday, December 21, 2010 5:37 PM To: Wendy Edelberg; Greg Feldberg Cc: Maryann Haggerty; Cassidy Waskowicz Subject: FHFA would like these changes Current FHFA Acting Director Edward DeMarco told the FCIC that it would not pass the “reasonable person test” to deny that OFHEO took its eye off the ball by not paying sufficient attention to credit risk and instead focused on operational risk, accounting and the lack of audited results .[1] [1] DeMarco MFR, March 18, 2010 at 7. (ID# 4833-0426-5733). BCJ