Can President Obama Fire Ed DeMarco?

Categorized | STOP FORECLOSURE FRAUD

Can President Obama Fire Ed DeMarco?

Can President Obama Fire Ed DeMarco?

wsj-

No. The FHFA is an independent agency, like the Federal Reserve or the Federal Deposit Insurance Corp. It has a director who’s nominated by the president and confirmed by the Senate.

The FHFA was created in July 2008 with special powers to act as Fannie and Freddie’s warden should the firms fail. Two months later, the Bush administration enforced those powers when it seized the mortgage giants, and the agency was tasked with preserving their assets under a legal process known as conservatorship. The Treasury, however, still writes the checks. It has injected more than $145 billion, after subtracting dividends paid by the firms, to keep them solvent.

[WALL STREET JOURNAL]

© 2010-17 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



Comments

comments

This post was written by:

- who has written 8683 posts on FORECLOSURE FRAUD | by DinSFLA.

CONTROL FRAUD | ‘If you don’t look; you don’t find, Wherever you look; you will find’ -William Black

Contact the author

Leave a Reply

GARY DUBIN LAW OFFICES FORECLOSURE DEFENSE HAWAII and CALIFORNIA
Advertise your business on StopForeclosureFraud.com

Archives