FHFA Executive Charged with Threatening to Kill DeMarco

The chief operating officer of the Federal Housing Finance Agency (FHFA) is facing felony charges after he allegedly threatened to kill the agency’s former acting director, according to Washington D.C. court records.

Richard Hornsby, a San Francisco Fed veteran, threatened to shoot FHFA former acting  director Edward J. DeMarco and then kill himself. DeMarco, who retired from the  agency that regulates Fannie Mae and Freddie Mac on April 30, stayed on as a FHFA consultant.

Hornsby threatened to kidnap and shoot DeMarco. Hornsby was release with no bail.  Hornsby was placed on administrative leave. He had joined FHFA in November of  2011, after 26 years at the Federal Reserve Bank of San Francisco.

Melvin Watt took over as director of FHFA in January, replacing DeMarco.

ZeroHedge had an interesting post on the FHFA scandal. The comments section has some interesting insights.

But we won’t speculate. The truth will surface soon enough.

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