The Wall Street Conspiracy explores a pernicious form of fraud called illegal naked short selling that has had an enormous impact on the 2008 collapse of the US economy.
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White House Petition
4090 more needed by 4/22 ! SUNDAY ! 20,910 signed (4/20 @ 3 pm) ( 25,000 required )
Ed DeMarco, head of the Federal Housing Finance Agency — which oversees Fannie and Freddie — has stood in the way of (principal) reductions and he’s claimed the support of Fannie and Freddie. But that’s no longer the case. Even Fannie and Freddie now support principal reductions. It’s time for Ed DeMarco to step aside by signing this Whte House petition:
https://wwws.whitehouse.gov/petitions/!/petition/push-fannie-mae-and-freddie-mac-issue-principal-reductions-underwater-homeowners/qtS3crg7
Pros & Cons
“Senator Demands Answers from Freddie Mac’s Regulator” ( Acting Director Edward DeMarco)
http://www.propublica.org/article/senator-demands-answers-from-freddie-macs-regulator
ProPublica and NPR reported on Monday [1] that Freddie Mac, the taxpayer-owned mortgage-insurance company, placed multibillion-dollar bets that pay off if homeowners stay trapped in expensive mortgages with interest rates well above current rates.
Ed DeMarco’s Refusal on Principal Reductions Grounds for Firing
Peter S. Goodman Huffington Post Posted: 03/12/2012 8:10 am
http://www.huffingtonpost.com/peter-s-goodman/ed-demarco-fannie-freddie-principal-reduction_b_1336190.html
Elijah Cummings gets help in Edward DeMarco fight
Read more: http://www.politico.com/news/stories/0312/73523.html#ixzz1s6eOdl5S
by Joseph Williams
As much as DeMarco should move out of his office, isn’t it a bit of a stretch to say one guy is preventing help to homeowners? Could we say the same thing about our President?