Delaware AG Biden Joins 9 other AGs in Calling for New Director of Fannie Mae, Freddie Mac

[elleng]

Delaware Attorney General Beau Biden has joined nine other state Attorneys General in calling for a change in leadership at the Federal Housing Finance Agency, which oversees Fannie Mae and Freddie Mac.

The Attorneys Generals sent a letter to President Obama and Senate Leaders Harry Reid and Mitch McConnell saying that Fannie Mae and Freddie Mac have been a “direct impediment to our economic recovery,” and an “obstacle to progress” by refusing to reduce mortgage principal amounts for homeowners who are trying to avoid foreclosure. The letter calls for a new director to be appointed to replace acting FHFA Director Edward DeMarco.

http://www.wgmd.com/common/more.php?m=49&post_id=22621

[treestar]

1. I would like to see who they think would be good in the job

Hopefully no banking or corporate experience! (Anticipating a GD thread on what an awful corporatist the eventual nominee will be)