This business is like an incurable virus, it comes around and it goes around.
Once a scamster, always a scamster. And the gummint gets ready to buy more snake oil.
Having someone who worked in a high level in the mortgage industry would seem to be a requisite for any project whose task is to develop reform legislation. Absent any prior bad acts, criticism of the legislation should be directed at the politicians sponsoring it, not the people working for them who developed it.