The Black Financial and Fraud Report: Agency Says No to Mortgage Relief

[Lars77]

The Director of the FHFA says no to Obama on proposal that Fanny and Freddie forgive portions of mortgage when house is "under water".

[katanalori]

1. Demarco...........

He is a holdover from the Bush Administration. There is a petition asking Obama to fire him:
http://www.newbottomline.com/fire_fhfa_director_ed_demarco

[99th_Monkey]

2. Thanks for that link.

That felt really good.

This stinks to high Heaven, and Obama must stand up to this
kind of obstructionism, just like in the House.

[midnight]

3. Listening to this brings me back to why on earth were the banks given a bail out with no strings

attached. i.e.... Must help underwater mortgages...

[pam4water]

4. Big K&R followed by fear and depression.