On Aug 29, 2007, at 8:24 AM, Eubulides wrote:
> OFHEO "will keep under active consideration requests for an increase
> in the portfolio caps, but we are not authorizing any significant
> changes at this time," James B. Lockhart III, the agency's director,
> said in a news release.
As John Dizard wrote in yesterday's FT:
> At a time when America, or at least Wall Street, needs a spineless
> hack as the head of a key agency, it is saddled with a credible man
> of principle: James Lockhart, OFHEO's director. Yale graduate,
> Harvard MBA, lieutenant in the nuclear navy, risk management
> software entrepreneur, senior insurance executive, and former head
> of the Pension Benefit Guarantee Corporation. "A real hard-ass" in
> the words of a mortgage finance executive. It doesn't seem as
> though he can be intimidated by the threat of being sent back to
> Plano, Texas, to work in his uncle's car dealership.