DeMarco of the FHFA... Like when the baby gets a hold of a hammer

``This is not even close to the first time that DeMarco has heard [the principal-reduction] pitch, in fact I covered it in an article several months ago.  But, DeMarco's response to-date has been that the "short-term" impact to the GSEs is what prevents him from approving the principal reduction idea, which is refreshing, if you ask me.  I mean, if you're going to be a short-term thinker, I appreciate it that you identify yourself as such.''