Obama Will Fire FHFA Director Ed DeMarco In December, Wall Street Analyst Says

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Obama Will Fire FHFA Director Ed DeMarco In December, Wall Street Analyst Says

Obama Will Fire FHFA Director Ed DeMarco In December, Wall Street Analyst Says

AND we know whatever Wall Street wants, they shall get. This will also happen if Romney is elected.

BUT…It was the Obama Administration that allowed the banks to illegally foreclose on millions, did nothing to stop them and let them get away.

HuffPO-

Bank of America analyst Ralph Axel said Friday that he expects President Barack Obama to fire acting Federal Housing Finance Agency Director Ed DeMarco, should Obama win reelection. Firing DeMarco, Axel said, would unleash a “secret weapon” to boost the economy by allowing more borrowers to refinance their mortgages.

DeMarco has been embroiled in a public feud with the White House for most of 2012 over his refusal to allow principal reductions for troubled borrowers whose mortgages are owned by Fannie Mae and Freddie Mac. Writing down the total debt burden these “underwater” borrowers owe would bring their mortgages in line with current home values, and reduce their monthly mortgage payments, giving them more money to spend on other economic activities.

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